BNDES approves loan for Klabin

BNDES approves loan for Klabin


BNDES has approved a BRL3.37bn ($1.4bn) loan to Brazilian pulp producer Klabin to support construction of a new factory. Klabin could also issue a BRL800bn project bond to BNDES. The BRL5.8bn Puma cellulose project is expected to be completed by 2016

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