Day: December 30, 2020

BDMG issues $50m in sustainable bonds and debut among public banks

The Development Bank of Minas Gerais (BDMG) became the first Brazilian public bank to issue so-called sustainable securities, which are debt securities intended to finance environmental and/or social projects. The transaction was carried out on the New York Stock Exchange for $50 million, and the securities were acquired by IDB Invest.

Source: 6 Minutos

Impostometer takes first annual fall: $89.5 bn less in 2020

For the first time since it was created, in 2005, the Impostômetro of the Commercial Association of São Paulo (ACSP) registered an annual drop in tax collection in the country. The entity estimates that Brazil will end the year with a 17.85% reduction, or R$447 billion ($89.5 bn), in municipal, state and federal tax collection compared to 2019. Last year, the amount collected was R$ 2.5 trillion ($500 bn).

Source: Isto É

Chesf invests $106 mm in transmission

Chesf will invest about R$ 526 million ($106 mm) in reinforcement and improvement works in electric power transmission in the Northeast. These projects increase the quality and reliability of the National Interconnected System, with completion scheduled for the next few years. The Company has raised 50% of the total resources needed with Banco do Nordeste do Brasil – BNB.

Source: Canal Energia

Public accounts close November with negative balance of $3.7 bn

The Central Government – the National Treasury, the Central Bank and Social Security – registered a primary deficit of R$18.241 billion ($3.7 bn) in November, the National Treasury Secretariat reported. The primary deficit is the negative balance in the government’s accounts, with higher expenses than revenues, without taking into account in this calculation the public debt interest expenses.

Source: Money Times