ANNOUNCEMENT 29 May 2018
The National Bank for Economic and Social Development of Brazil (i.e. BNDES by its acronym in Portuguese) allocated USD 1.6 billion to two new funds, one related to infrastructure and the other focussed on SMEs corporate credits.
NUMBER OF INTERVENTIONS
Brazilian National Development Bank. Banco Nacional de Desenvolvimento Econômico e Social. Press release "BNDESPAR irá investir R$ 6 bi em Fundos de infraestrutura e de crédito a pequenas e médias" of 29 May 2018. Available at: https://www.bndes.gov.br/wps/portal/site/home/imprensa/noticias/conteudo/bndespar-ira-investir-r-6-bi-em-fundos-de-infraestrutura-e-de-credito-a-pequenas-e-medias/!ut/p/z1/vVVNc9owEP0tPfgotNjyV28uMZAAZdqEEHxhZFuAWiwZWYb231emzDRtipMOQ33ReHf13tOzdo0T_IQTQfd8TTWXgm7N-yLxluNwFA_JFMbgPhCIbhyfzPwYRoGN58cCOPNEgJPz-0kf8CNOcJIJXeoNXqQiZ9WSi0pzXWdHBRZsZMEs4EWpmKioBUJqnnFaWZBJoVmdSwuOG0uqEFcUcbFnBkEhhTyUcsQKtKpFLiuUM5NcKWrSqta1qWVNLFMs51oiikq2q5mglYkXJkarRl2Z8RwvVjYJbUgDFPouQQQcikIa5AjCMAgg7QYpSU9utBw3eYubLQVJu9nzRu9zhOmtE0M07I1dEo-6g9A5FbR9sN8RBjdjG6Kx24f-p4-DOLLxwoj0zx-yi-d7zg54JqQqzBW6_-Wh70EIWZ4jr0vAeEhtFLpejvwVpcQ2WS9L8RBeMNx_cAyDf-uOByEMbf9ChvYDPHrXhXevC3-pOXevdawZCfzLbpdEpm-bBvym8dM_NW5Dsd7K9Od4iUTqBGucKLZiiqlOrUx4o3VZvbfAgsPh0Dmid9Zy30mViZSm9UupdMNRcc1eMv0NdyMrI_RPuHY3R4Fz3s03DYR2-Kl9XXj3uvD-VeEJuRD-7rVpe_FN_j-_ICPTVpPexFzmkupNs1-ehF6FryxmReB85-jr5-DwsNqsi-UkdtzTst0X80A3iaKXPl_mQRW9-wEum-aK/dz/d5/L2dBISEvZ0FBIS9nQSEh/
On 29 May 2018, the BNDES announced the allocation of BRL 5 billion (USD 1.34 billion) to a newly created fund to finance infrastructure development projects. These resources will be provided through BENDESPAR, the bank investment filial.
The objective of these resources is to broaden the alternatives for the financing of projects available in the capital market.
BENDESPAR will support closed funds related to logistics and transport projects, urban mobility, energy, telecommunications and basic sanitation, providing an investment of up to BRL 500 million (USD 134 million), limited to 30% of the fund's total capital.
In the announced made by the BNDES on 29 May 2018, the financial institution also exposed the allocation of BRL 1 billion (USD 268 million) to a new corporate credit fund for SMEs. These resources will also be distributed through BENDESPAR, the bank subsidiary.
In this sense, this institution will invest in quotas of closed and fixed-term corporate credit funds, with the objective of broadening the long-term credit offer to SMEs, providing an investment of up to BRL 300 million (USD 84.5 million), limited to 50% of their subscribed quotas.