BNDES sets transmission line financing conditions

BNDES sets transmission line financing conditions

Structured Finance Brazil Loans Project & Infrastructure Finance

Brazil's BNDES approved financing for electricity transmission line concessions in 2017, offering to provide loans for up to 80% of investments. The national development bank will supply funding for as long as 20 years at 170bp over the TJLP long-term lending rate, plus up to another 337bp, depending on the credit risk of the borrower. The TJLP now stands at 7% per year. BNDES said it could underwrite up to 100% of debentures issued by the concessionaires to finance construction of the transmiss

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