Financing for Comgás is the BNDES’ first pegged to debenture issuances
The Brazilian Development Bank (BNDES) approved the first credit operation within the scope of the Fixed-Income Market Stimulus Program. The Bank will finance up to R$ 370.6 million of the Comgás’ investment plan for the 2015-2017 period, and the credit will be available to the company once it has complied with certain conditions, such as the issuance of debentures.
The BNDES and India’s Eximbank sign a memorandum to strengthen cooperation
The Brazilian Development Bank (BNDES) and India’s Eximbank have signed a memorandum of understanding to strengthen their relations and pave the way to expanding initiatives for cooperations between the two institutions. The document was signed on Thursday, July 9, during a BRIC summit held in the city of Ufa, in Russia.
BNDES seals a partnership with the new Brics bank
On July 9, the BNDES and other developing banks from the Brics bloc signed an accord for cooperation between the member institutions and the New Development Bank. The document was signed during a Brics summit meeting, held in the city of Ufa, in Russia.
BNDES’ disbursements reached R$ 54.8 billion by May
Disbursements from the Brazilian Development Bank (BNDES) reached R$ 54.8 billion between January and May of this year, representing a 20% drop against the same period in 2014. The infrastructure sector, with R$ 20.4 billion, accounted for 37.2% of the total, followed by industry, with R$ 16.3 billion, some 30% of the total.