BNDES calls guarantees on Triunfo road loan

BNDES calls guarantees on Triunfo road loan

Bonds Structured Finance Brazil Loans Project & Infrastructure Finance

BNDES has instructed lenders Banco do Brasil and BDMG to honor their guarantees on a BRL796m ($245m) bridge loan to Concebra, a toll road concessionaire owned by local developer Triunfo.The state-run development bank originally provided BRL690m to Concebra in September 2014. The bridge loan expired on December 16, but Concebra made the monthly interest payments for October, November and December, Triunfo said in a statement.Federal lender Banco do Brasil issued a guarantee for BRL100m, while the

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