According to reports, Brazilian iron ore giant Vale is considering entering the Chinese bond market as soon as this year and is expected to issue panda bonds for the first time after the Brazilian government. China is the main buyer of Vale iron ore, accounting for about half of the company's revenue. Chief Financial Officer Marcelo Bacci said that Vale's entry into the Chinese bond market was “a natural thing.” “We are preparing for this,” Bacci said in an interview with the media on Wednesday, and “it is still possible to issue panda bonds in 2026.”

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