Brazil to become regular borrower in China, treasury official says
Brazil intends to sell yuan bonds in China every year rather than once, a senior Brazilian treasury official said on Wednesday, in a plan that would make the Chinese currency a permanent fixture of its external debt. The debut is expected before the end of the year and is small enough that the government is not relying on the proceeds, with external debt at four per cent of the federal stock.…
We haven't written up this one. South China Morning Post has the full story — the link below goes straight to it.
