ANNOUNCED AS TEMPORARYYes
On 10 October 2016, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 34.8 million (circa USD 11 million) loan allocated to the local IT and telecommunications company Fundação CPqD Centro de Pesquisa e Desenvolvimento em Telecomunicações. The objective of these resources is to finance the development of an open platform of technologies related to the internet of things and their applications.
The repayment deadline for the credit has been set up on 10 October 2020.
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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