ANNOUNCEMENT 12 Nov 2013

In November 2013, the Brazilian Development Bank (BNDES) provided export financing to a Brazilian exporter.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The Brazilian National Development Bank All post-export finance operations since 2002, O banco nacional do desenvolvimento todas as operaƧoes por-embarque desde 2002, http://www.bndes.gov.br/SiteBNDES/export/sites/default/bndes_pt/Galerias/Arquivos/consultas/operacoes_exp_serv_eng_2002_diante.xls

Inception date: 12 Nov 2013 | Removal date: 12 Mar 2014

Trade finance

In November 2013, the Brazilian Development Bank (BNDES) provided Construtora Norberto Odebrecht SA with post-export credit for a project involving exporting goods and services for the construction for raising the dam and lateral spillway to better exploit the hydroelectric energy of Cambambe.

The post-export credit agreement was signed on 12 November 2013. The loan amount is USD 131.7 million at an annual interest rate of 3.45 percent. The loan matured in March 2014.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A