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cross-posted from: https://lemmy.zip/post/51969965
Slovenia plans to issue up to Rmb5bn ($700mn) of “panda bonds” next year
“We want to expand the investor base,” Slovenian finance minister Klemen Boštjančič told the Financial Times during a recent visit to Beijing where he laid out plans to issue renminbi-denominated sovereign debt sold in China.
Foreign companies have increasingly turned to panda bonds, attracted by lower interest rates and a desire to diversify their currency issuance and investor base. Some sovereign borrowers including Portugal, Hungary and Egypt have also issued panda bonds in recent years
Portugal and Egypt are interesting.
Hungary is a client state of Russia who is a client state of China. That’s just vertical integration.