ANNOUNCED AS TEMPORARYNo
On 4 July 2016, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 91.6 million (USD 28 million) loan allocated to the local chemical manufacturer Oxiteno S.A. Industria e Comercio. The objective of these resources is to finance 2015-2017 innovation plan.
The repayment deadline for the credit has been set up on 4 July 2019.
The resources enclosed on the programs managed by FINEP are limited to Brazilian companies and seek to boost the national and international competitiveness of these businesses.
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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