The BNDES finem credit scheme is subject to local content incentives. As such, so is the BRL 2402 million (approx. USD 1020 million) loan to Tim Celular SA granted on 23 December 2013 by the National ...
On 23 December 2013, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 2402 million (approx. USD 1020 million) loan to Tim Celular SA. The loan was issued unde...