BNDES, IDB form infra fund

BNDES, IDB form infra fund

Debt Capital Markets Bonds Debenture Economy & Policy Fixed Income Funds Loans Project & Infrastructure Finance Energy Brazil

Brazil's national development bank BNDES and the IDB have formed a $1.5bn infrastructure fund called B2 Infra. BNDES will contribute at least 30% to the fund, while the IDB will put in another 10%. The remaining 60%, or some BRL900m, will come from private investors, primarily institutional investors, BNDES said in a statement. B2 Infra will buy debt instruments for transportation, energy, sanitation and social infrastructure projects like healthcare and education. The new fund is expected to

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