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Overview: Brazilian development bank supports sewage investment in Amazonian city of Manaus Get the news on sustainable finance & investment in Latin America Name * First Last Email * Company * Job Title * Δ NEWSLETTER DELIVERED MONTHLY THANKS TO Brazilian development bank (BNDES) unveiled a BRL1.5 billion ($250 million) financing package, including debentures and a loan, for a subsidiary of water and sanitation company Aegea Saneamento. BNDES will coordinate the sale of BRL1.24 billion in so-called incentivized infrastructure debentures, which are income tax-exempt for retail investors, the bank said Monday in a news release. It will also provide the company, Águas de Manaus, with a BRL255 loan. The financing is part of a BRL3.1 billion project to expand sewage facilities in Manaus, the capital city of Amazonas, a large state in the northwest of the country. ADVERTISEMENT Overcoming Three Challenges to Unlock the Potential of Green Hydrogen Several countries in Latin America and the Caribbean have an adequate renewable energy generation capacity, abundant water resources and other favorable conditions to diversify the power generation matrices and decarbonize energy-intensive industrial segments. Breaking down legal, regulatory, financial, technical and market barriers can help them lead the charge on clean energy initiatives. “Expanding sewage services for all is one the challenges that Brazil is facing,” said Aloizio Mercadante, president of BNDES, in the release. The implementation of “attractive financing solutions, such as incentivized debentures,” is key for such investments, he said. Água de Manaus took out a loan for BRL750 million from IDB Invest, the private sector financing arm of multilateral lender the IDB Group, in December last year. Brazilian infrastructure group Equipav has a 53% stake in Aegea. Singapore wealth fund GIC has 34% and Brazilian financial holding Itaúsa has 13%. More Sustainable Finance & Investment News FREE TO READ THANKS TO IFC approves Banco Pichincha loan EDP Renováveis requests SLL from IFC CABEI, Funo price ESG bonds CABEI talks pricing for sustainable bonds Acciona taps SLL Funo firms up new SLB issuance Aegea subsidiary tees up ESG bond deals Aeris gets bond waiver Cross-border bond markets lure more LatAm issuers BNDES approves Raízen credit line IDB lines up dual bond offering Chile prices back-to-back global deals Load more posts Something went wrong. Please refresh the page and/or try again.
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