Markets · Brazil · Sovereign Debt

— Key Facts

—The starting gun. Brazil’s Treasury secretary, Daniel Leal, said the country has formally begun the process to issue its first government bond in Chinese yuan, a so-called panda bond.

—On the ground now. A delegation under acting Finance Minister Dario Durigan is in Beijing and Shanghai from June 24 to 26 to settle the final terms.

—Bigger than a bond. The trip also covers green-finance vehicles, the BRICS development bank and meetings with monetary authorities, making it a broad financial mission.