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Brazil's BNDES signs $2.4 bln loan accord with IADB
December 15, 2016 / 2:14 PM / a year ago

Brazil's BNDES signs $2.4 bln loan accord with IADB

SAO PAULO, Dec 15 (Reuters) - Brazil’s state development bank BNDES signed a $2.4 billion loan accord with the Inter-American Development Bank, according to a statement on Thursday.

The first tranche of the rotating credit line will correspond to $750 million to be lent to sustainable energy projects, the bank said. (Reporting by Guillermo Parra-Bernal and Alberto Alerigi; Writing by Bruno Federowski)

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