ANNOUNCEMENT 20 Dec 2013

The Brazilian government-funded Company of Innovation and Research (FINEP) approved a loan of BRL 206.3 million to Jari Celulose Papel E Embalagens 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: 20 Dec 2013 | Removal date: 20 Jun 2015
Still in force

State loan

On 20 December 2013, the Brazilian Company of Innovation and Research (FINEP) announced the approval of a loan of BRL 206.3 million (USD 86.8 million) allocated to Jari Celulose Papel E Embalagens S.A., a Brazilian-based bleached-pulp producer. The objective of these resources is to finance the conversion and innovation plan of the company.

The repayment deadline for the credit has been set to 20 June 2015.


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