Minister of Finance sealed this Thursday (June 25) the process to launch Panda Bonds with the Chinese Central Bank
The Minister of Finance, , said this Thursday (June 25, 2026) that the government aims to raise 5 billion yuan (R$3.8 billion) in its — the so-called Panda Bonds. In an interview with Reuters, he stated that the operation should be carried out in the next 2 or 3 months.
If the operation is completed at this value, it will be the largest bond issuance by a country debuting in the debt market in Chinese currency, surpassing Slovenia, which issued its Panda Bonds in April this year and raised 4 billion yuan (R$3.1 billion).
The value cited by Durigan indicates Brazil’s ambition to expand integration with the country and reduce dependence on the dollar. It also shows the progress of China’s effort to internationalize its currency.
In the first 5 months of 2026, the issuance of Panda Bonds rose 246% compared to the same period last year, totaling 26.6 billion yuan (R$20.5 billion). The operations were carried out by countries such as Kazakhstan and Pakistan, as well as banks and companies, including Volkswagen.
Durigan sealed the commitment to issue the bonds in yuan this Thursday (June 25, 2026) during a visit to the headquarters of the People’s Bank — equivalent to the Chinese central bank. On that occasion, the minister delivered the letter of intent for the operation and met with the institution’s governor, Pan Gongsheng.
Initially, Durigan said that the amount to be raised would be confidential and that the government intended to “test” the Chinese market and identify the most opportune time for the issuance. Afterwards, he estimated that funding should be close to the issuance in euros carried out in April, when the National Treasury raised 5 billion euros.
