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Story summary
- Brazil will issue yuan-denominated bonds in China annually, adding the Chinese currency permanently to its external debt.
- The first issuance is slated for before the end of 2026.
- The government says the bond size is small enough that it does not rely on proceeds.
- Deputy secretary for public debt Francisco Segundo said the yuan bonds are cheap, aim to unlock investors, and are “much more qualitative than quantitative.”
