Power generators welcome BNDES' move from TJLP

Power generators welcome BNDES' move from TJLP

Project & Infrastructure Finance Brazil Bonds M&A Funds

BNDES' pullback from Brazil's project finance space has developers and generators moving to redesign financing instruments. The national development bank's upcoming shift away from the subsidized TJLP lending rate also has market players upbeat, with many preferring a benchmark against government borrowing costs. Speakers at LatinFinance's Project & Infrastructure Finance Summit in New York this Tuesday expect the Brazilian project finance market to soon feature a mix of commercial

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