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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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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management


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