Brazil has formally kicked off plans to issue its first sovereign panda bonds. The planned issuance, worth up to 5 billion yuan ($735 million), would mark the first such move by a Latin American economy.

Brazil formally kicked off plans to issue its first sovereign panda bonds on Thursday, a landmark move officials said would create new opportunities for bilateral collaboration in…

Brazil is set to launch its inaugural panda bonds, aiming to raise up to 5 billion yuan ($735 million). This significant debut marks Brazil as the fifth sovereign issuer in…