ANNOUNCED AS TEMPORARYNo
On 31 December 2014, the Brazilian B2W - Companhia Digital announced that it had received BRL 231 million (circa USD 87 million) loan from the government-funded Company of Innovation and Research (FINEP). The objective of these resources is to finance R&D programs.
According to the company's financial statements, the credit provided by FINEP enjoy an interest rate of 4% a.a.
The interest rates set on the credit lines are composed of the long-term interest rate (TJLP) plus a supplement ranging between 1.5% and 7%, depending on the credit line and the repayment period.
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