ANNOUNCED AS TEMPORARYNo
On 11 February 2016, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 173.8 million (circa USD 43.8 million) loan allocated to the local metal manufacturer Companhia Siderurgica Nacional. The objective of these resources is to develop a new more environmentally friendly steel product for the automotive industry that will help to reduce fuel consumption.
The repayment deadline for the credit has been set up on 11 August 2018.
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.
⚑ Please report this page in case you detect an inaccuracy in its content.