Portugal to issue sovereign bonds in Chinese currency
Portugal’s Finance Minster, Mario Centeno, could oversee Portugal becoming the first eurozone country to issue government bonds in ‘renmimbi,’ the currency of China.
“It’s a way to broaden our investor base and attract funding,” Centeno said at the end of a three-day visit to China.
In addition to meeting with the China’s central bank, the minister had meetings with the republic’s top financial institutions including the Agriculture Bank of China and the Postal Savings Bank of China.
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