CDB provides $500 million term loan to Banco do Brasil S.A. for unspecified social projects

📋 Staff Comments

1. Banco do Brasil S.A. (English: Bank of Brazil) is a Brazilian financial services company headquartered in Brasília, Brazil. The oldest bank in Brazil, and one of the oldest banks in continuous operation in the world, it was founded by John VI, King of Portugal, in 1808. It is the second largest banking institution in Brazil, as well as the second largest in Latin America, and the seventy-seventh largest bank in the world. Banco do Brasil is controlled by the Brazilian government (59% ownership stake), although, is listed at the B3 in São Paulo.
2. Campos Mello Advogados and Shearman & Sterling - Brazil (São Paulo) and Singapore served as legal advisers to Banco do Brasil on this transaction. CDB was advised by Cescon, Barrieu, Flesch & Barreto Advogados and Clifford Chance.

📚 Sources & References

• BANCO DO BRASIL RAISES $500 MILLION IN TERM LOAN FACILITY WITH CHINA DEVELOPMENT BANK
• Banco do Brasil
• China Development Bank lends US$500 million to Banco do Brasil
• Banco do Brasil’s $500 Million Term Facility from China Development Bank
• Campos Mello Advogados advises Banco do Brasil in social bond issuance
• Banco do Brasil recibe préstamo de China Development Bank
• Banco do Brasil receives a loan from a Chinese bank Fundación Andrés Bello
• Chinese Loans to Latin America and the Caribbean Database: Brazil
• Banco do Brasil recebe empréstimo do Banco de Desenvolvimento da China
• China Development Bank lends US$500 million to Banco do Brasil Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.