Increasing fundraising on the international markets has been part of the BNDES’ strategy since the 1970s, when the Bank started to access structures that were alternative to loans with multilateral organizations, such as syndicated loans and issuances of bonds.
Funds raised on the international markets are incorporated into its investment budget and used to achieve the Bank’s general goals, such as loans to the Brazilian market and capitals market investments that the BNDES plans to carry out in companies in the normal course of business.
The BNDES held the following bonds issuances:
|Issuance year||Amount (currency million)||Coupon||Maturity|
(a) The bond was renegotiated in June 2008.
(b) US$ 1,25 billion in 2013 with a US$ 500 million retap in 2014.
Similar to the Brazilian Republic, the BNDES has an investment grade from the main risk classification agencies:
|Long term issuing in foreign currency||Long term issuing in local currency|
|Global scale Rating||Outlook||Global scale rating||Outlook|
Other reasons also attract investors to the BNDES bonds issuances abroad:
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