December 15, 2017 / 9:35 PM / 9 months ago

Brazil's BNDES to renegotiate 8.2 bln reais in debt from states

SAO PAULO, Dec 15 (Reuters) - Brazil’s development bank BNDES will renegotiate 8.2 billion reais ($2.49 billion) in debt that several Brazilian states have with the bank, BNDES said in a statement on Friday.

The bank said it is following rules implemented by federal law approved last year that foresaw a postponement of repayments. States will now have 10 more years to pay back the loans.

$1 = 3.2946 reais Reporting by Marcelo Teixeira

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