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BNDES and CAF sign agreement to leverage infrastructure

05/30/2018

 In an investment fund, Institutions prepare to finance projects by issuing bonds in capital markets

 

The Brazilian Development Bank (BNDES) and the Development Bank of Latin America (CAF) today signed an agreement to promote studies and financial mechanisms that contribute to the improvement of the infrastructure sector in the Country. Signed by Dyogo Oliveira, the President of BNDES, and by the Chief Executive of CAF, Luis Carranza, the memorandum will also allow the creation of joint credit lines and the constant exchange of experiences between the institutions. 

Infrastructure – With the support from BNDES, CAF and BNP Paribas are preparing an infrastructure investment fund that will channel funds from institutional investors to finance projects by issuing bonds in capital markets. 

“This memorandum is part of a broad effort that BNDES has been doing in coordination with international agencies to attract funds for Brazil,” said Dyogo Oliveira. 

“This partnership has great potential, since it combines our technical knowledge and financial funds with the tradition, structure and professionalism of BNDES. The joint work, based on the exchange of innovative ideas and products, will certainly make a difference in the development of Brazil and of the countries in the region,” said President Carranza. 

Capital markets – BNDES has been developing alternatives to infrastructure financing using the capital market. In this sense on the 29th the Bank announced , that through the subsidiary BNDESPAR it will support two types of Credit Funds, one directed to Infrastructure and another to corporate credit. The goal is to expand the options available via the capital market to finance projects and attract investors to the long-term debt securities market. 

 

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