The BNDES (National Bank for Economic and Social Development) plans to issue tax-exempt bonds by doubling its credit operations to nearly R$200 billion (US$40 billion) without help from the National Treasury, according to its director of Planning and Project Structuring, Nelson Barbosa.
The former finance minister in Dilma Rousseff’s government, who is now part of BNDES, said the bonds would be linked to development projects in areas where the institution wants to invest, such as energy transition, innovation, and infrastructure.
These assets will also be available to all investor profiles, including individual investors who benefit from . . .