In the first three quarters, approvals for new financing by BNDES remained relatively stable and totaled R$ 50 billion, a reduction of 1% over last year.

FIDC’s manager is Patria Investments, which has expertise in infrastructure, agribusiness, education, food and beverages.

The total amount of the Call for Tender is up to R$ 25 million under the Rouanet law, and is valid for a period of 24 months, renewable for an equal period from the date of publication.

The equipment to be financed should be in accordance with BNDES’s standards, which require that they be new, national and meet local-content requirements.