ANNOUNCEMENT 05 Jun 2019

The Brazilian government-funded Company of Innovation and Research (FINEP) has approved a loan of over BRL 232 million to Intelbras S/A Indústria de Telecomunicação Eletrônica Brasileira.

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. Projetos contratados. Retrieved on 10 September 2019. 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: 05 Jun 2019 | Removal date: open ended
Still in force

State loan

On 5 June 2019, the Brazilian Company of Innovation and Research (FINEP) has announced the approval of BRL 232.2 million loan (over USD 60 million at the time of the announcement) to Intelbras S/A Indústria de Telecomunicação Eletrônica Brasileira a local company dedicated to telecommunications and electronic security. The objective of these resources is to finance the development of a program to unified communications and update the technologies used by the company.


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

 
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