ANNOUNCEMENT 04 Jul 2016
The Brazilian government-funded Company of Innovation and Research (FINEP) approved a BRL 91.6 million loan to Oxiteno S.A. Indústria e Comércio.
NUMBER OF INTERVENTIONS
Brazilian Company of Innovation and Research. Empresa Brasileira de Inovaçao e Pesquisa. Projetos contratados e valores liberados. Retrieved on 02/05/2018. Available at: http://finep.gov.br/acesso-a-informacao-externo/transparencia/projetos-contratados-e-valores-liberados
Brazilian Company of Innovation and Research. Empresa Brasileira de Inovaçao e Pesquisa. Financiamento Reembolsável. Available at: http://finep.gov.br/component/content/article/120-apoio-e-financiamento/tipos-de-apoio/financiamento-reembolsavel/42-financiamento-reembolsavel
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.