ANNOUNCEMENT 25 Sep 2014

The Brazilian government-funded Company of Innovation and Research (FINEP) approved a loan of BRL 92.1 million to Farmoquímica S.A.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

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

Inception date: 25 Sep 2014 | Removal date: 25 Sep 2017

State loan

On 25 September 2014, the Brazilian Company of Innovation and Research (FINEP) announced the approval of a loan of BRL 92.1 million (USD 38 million at the time of the measure) allocated to Farmoquímica S.A., a local pharmaceutical company that manufactures drugs upon medical prescription. The objective of these resources is to finance the research and development of the company.

The repayment deadline for the credit has been set to 25 September 2017.


FINEP lending
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.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A