Brazil's infra model to grow local bond markets

• Autores: Zoe Thomas
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 34, Nº. 31 (8/17/2015), 2015
• Idioma: inglés
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• Resumen

  • The article discusses Brazil's plans of diversifying project financing sources with a system that balances national development bank loans with domestic debt offerings. Topics discussed include Brazil's new model to balance loans from the national development bank with funding from debt capital markets by requiring large projects looking for a loan from the National Bank of Social and Economic Development (BNDES) to raise a minimum amount of funding from locally-issued debt securities