ANNOUNCEMENT 15 Oct 2013
The Brazilian government-funded Company of Innovation and Research (FINEP) approved a loan of circa BRL 110.5 million to BRF S.A.
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 15 October 2013, the Brazilian Company of Innovation and Research (FINEP) announced the approval of a loan of circa BRL 110.5 million (USD 50.6 million) allocated to BRF S.A., a local poultry and pork meat processor. These resources will be allocated to a project that seeks to innovate in the slaughtering process.
The repayment deadline for the credit has been set to 15 March 2013.
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.