Regarding a notice published by Moody's Investors Service on October 29, 2014 to the effect that Banco Nacional de Desenvolvimento Econômico e Social – BNDES intended to issue notes denominated in Renminbi (CNY), BNDES points out that Moody's published a further notice on October 30, 2014 retracting the original ratings notice and acknowledging that it had been published in error, since no such issuance by BNDES has been or will be carried out in the near term. BNDES monitors the international market constantly in order to identify possible fundraising opportunities for its investment budget directed to the support of projects and programs that promote economic and social development.
BNDES approves R$ 1.1 bn bridge loan for Galeão Airport in Rio de Janeiro
The Brazilian Development Bank (BNDES) approved a bridge loan in the amount of R$ 1.106 billion to the concessionaire Aeroporto Rio de Janeiro S.A. which will operate the Antonio Carlos Jobim/Galeão International Airport for 25 years. The amount represents 70% of the expenses for the project’s eligible items, which will be incurred in the first 18 months of investment.
BNDES posts record earnings of R$ 5.47 bm in 1H2014
The Brazilian Development Bank (BNDES) recorded net earnings of R$ 5.471 billion in the first half of 2014. The result is the highest ever presented for the period and 67.8% higher than the R$ 3.261 billion posted in the same period in 2013. Earnings were influenced by the excellent performance of BNDESPAR, a BNDES subsidiary, which recorded net earnings of R$ 2.148 billion, which is some 236.4% higher than that in the first half of last year.
BNDES signs agreement to boost stimulate low carbon agriculture
The Brazilian Development Bank (BNDES), the Ministry of Agriculture, Cattle-raising and Food Supply, the Brazilian Agriculture and Cattle-raising Research Corporation, the Brazilian Federation of Banks, the FEBRABAN Institute of Education, the Brazilian Association of Development Finance Institutions and the Brazilian Confederation of Agriculture and Cattle-raising signed a technical cooperation agreement to help eligible projects obtain easier financing for low carbon agriculture.
BNDES and Japanese bank JBIC sign a contract focused on small and medium-sized enterprises
On August 1, 2014, the Brazilian Development Bank (BNDES) and the Japan Bank for International Cooperation (JBIC) signed a Memorandum of Understanding focused on small and medium-sized enterprises. The document was signed by the BNDES’ president Luciano Coutinho and the vice-president of the Japanese institution, Koichi Yajima. This took place during the official visit of Japanese Prime Minister Shinzo Abe to Brazil.
BNDES signs agreement with Mozambique National Investment Bank
The Brazilian Development Bank (BNDES) signed a memorandum of understanding with the National Investment Bank S.A. (BNI), a financial institution controlled by Mozamibque’s Management Institute of State Holdings (IGEPE), with the head offices in Maputo.