ANNOUNCEMENT 07 Aug 2015
The Brazilian government-funded Company of Innovation and Research (FINEP by its Portuguese acronym) approved a BRL 3 m7.3illion loan to Biovertis Produção Agrícola Ltda.
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 7 August 2015, the Brazilian Company of Innovation and Research (FINEP) announced the approval of circa BRL 37.3 million (USD 10.5 million) loan allocated to the local bioethanol producer Biovertis Produção Agrícola Ltda. The objective of these resources is to finance the development genetically improved sugar-cane seeds.
The repayment deadline for the credit has been set to 7 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.