Vale is considering entering China's bond market as early as 2026, possibly following the steps of the Brazilian government. The Brazilian mining company is preparing for this operation, according to the company's CFO, Marcelo Bacci, who spoke during an interview with the "Bloomberg Open Interest" program on Wednesday.
China is Vale's main iron ore consumer, representing approximately 50% of the mining company's revenue. For this reason, Bacci states that it is "natural" for the Brazilian company to explore the debt market of the Asian country.
The Asian country has been working to develop its domestic debt market, known as the "panda bonds" market. The People's Bank of China stated in June that it looks favorably upon the entry of Brazilian borrowers in this market.
Bacci stated during the interview that Vale is preparing for this possibility, and that the bond sale could happen this year if conditions are favorable.
