Brazilian Sugar Cane Gets Development Funds

Brazilian Sugar Cane Gets Development Funds

Bonds Structured Finance Brazil Loans

BNDES has agreed to provide BRL226.2m ($116m) to finance Usina de Acucar Santa Terezinha’s sugar cane planting in the Brazilian state of Parana. The loan comes as part of a BNDES program that aims to generate productivity at aging sugar plantations, BNDES says. The program, which has a budget of BRL4bn available until the end of this year, will provide money for companies that want to renovate or plant new sugar cane fields, says a person familiar with the program, which can finance up to 80% of

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