BRAZIL · BUSINESS
Key Facts
—The plan: Vale panda bonds are on the table: the miner is weighing a debut in China’s domestic bond market, possibly still in 2026, chief financial officer Marcelo Bacci told Bloomberg TV on Wednesday.
—The logic: China accounts for roughly half of Vale’s revenue, which makes borrowing in yuan a natural fit for the world’s largest iron ore producer.
—The size: International panda issues typically run US$400 million to US$500 million with two-to-five-year tenors; Vale is probing whether longer maturities are possible.
