BNB forms fund to buy infra bonds

BNB forms fund to buy infra bonds

Funds Debt Debenture Economy & Policy ESG Green Bonds Green Finance Renewable Solar Wind Capital Markets Brazil Project & Infrastructure Finance Water & Sewage Energy Solar Wind

Brazilian development bank Banco do Nordeste (BNB) is raising a BRL2 billion ($376 million) fund to buy infrastructure debentures in the local market and provide financing for green projects in the northeast region. The new fund, which BNB expects to close by October this year, will buy debt from wind and solar power projects as well as water and wastewater projects, said Silvio Clark, head of capital markets. "We have a BRL6.65 billion budget for renewables this year, while the demand for finan

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