Brazil: BNDES to grant Sete Brasil a US$ 3.7 billion loan
Announcement
16 Jan 2014
On 16 January 2014, the Brazilian Development Bank BNDES granted a loan to Sete Brasil Participacoes SA.The financing for these farms entails the condition to source part of the construction inputs from Brazil.
The Brazilian Development Bank BNDES granted a US$ 3.7 billion (8.8 billion reais) loan to Sete Brasil Participacoes SA. Besides the loan, BNDES’s investment branch, the BNDESPAR, will subscribe to 1....
In the USD 3.7 billion financing for the oil rig producer, the Brazilian Development Bank imposes strict local content requirements on the production of wind turbines, e.g., towers and blades (at leas...