The Fundo de Investimento em Participações (FIP) Aeroespacial, the first of its kind in Latin America focusing on this sector, is being launched today, Wednesday, May 7, at the headquarters of the Brazilian Development Bank (BNDES), in Rio de Janeiro. The fund is the result of a joint initiative of the BNDES with FINEP, Desenvolve SP and Embraer.

The BNDES’ board of directors has approved two programs to support the Brazilian capital market, focusing on developing venture capital and private equity industries, as well as company access to the Stock Market. These include the Multisector Funds Program and the Support Program for Public Offerings on the Access Market, with a total of R$ 3 billion. This will include the BNDES’ investments through funds and directly, in the IPO of smaller enterprises.

The Brazilian Development Bank (BNDES) approved R$ 62 billion in financing for Vale. Resources are earmarked for the company’s R$ 37.8 billion investment in the Carajás Complex (PA) and the North Logistics Training program. The project includes the construction of an iron ore mining and enhancement plant and a railroad connecting the cities of Canãa dos Carajás and Parauapebas (PA).

The Brazilian Development Bank (BNDES) successfully raised US$ 1.5 billion in bonds on the international market, issued in two series: a new bond for US$ 1 billion, maturing in 2019, and a reopening – increase in volume of an existing bond –, valued at US$ 500 million and maturing in 2023.