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BNDES Lends to Suzano

Dec 21, 2010

Brazilian pulpmaker Suzano Papel e Celulose is getting BRL3.93bn in funding from the BNDES development bank to help build a new plant. BNDES has agreed to a BRL2.73bn loan package, and the purchase of up to BRL1.2bn in convertible domestic bonds. The loan...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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