NDB lends to BNDES

NDB lends to BNDES

Bonds Structured Finance Brazil Bolivia Loans Project & Infrastructure Finance

The New Development Bank (NBD) has granted a 12-year $300m loan to Brazil's national development bank BNDES to finance at least five renewable energy and transmission projects.The NDB has also earmarked part of the loan to buy debentures issued to fund the projects, the BRICS bank said in a statement. The bank's first loan in Brazil will go towards investments in 600 MW in new energy projects, it said.BNDES said it will match the NDB loan with another $300m in financing for wind, solar and hydro

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial