Brazil plans up to $735 million panda bond issuance, says finance minister

Brazil is set to launch its inaugural panda bonds, aiming to raise up to 5 billion yuan ($735 million). This significant debut marks Brazil as the fifth sovereign issuer in China's domestic debt market within a year. Finance Minister Dario Durigan stated the move is a crucial "test" to facilitate Brazilian companies' expansion in China and offers a hedge against currency volatility for their investments.