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Loans pegged to TJLP rate totaled $212 bln at end-2016: BNDES
March 31, 2017 / 7:04 PM / 6 months ago

Loans pegged to TJLP rate totaled $212 bln at end-2016: BNDES

BRASILIA, March 31 (Reuters) - Brazil’s state development bank BNDES had a total 664 billion reais ($212.08 billion) in outstanding loans pegged to the TJLP long-term lending rate at the end of 2016, the bank said in a statement on Friday.

The TJLP rate will be replaced for a new benchmark rate starting in 2018 for new operations.

$1 = 3.1309 reais Reporting by Silvio Cascione

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