Skip to main content


Banking Newsletter: Rethinking Infrastructure in Brazil | The New BNDES Benchmark Lending Rate

8 December 2017
Tauil & Chequer Newsletter

Topic of this edition:

On September 21, 2017, the Brazilian Government finally converted into law the Executive Act No. 777/2017, which created the new market-based rate (TLP) that will replace the long-term corporate lending rate (TJLP) as a benchmark for loans granted by the Brazilian Development Bank (BNDES). By adopting this measure, BNDES is trying to reduce subsidized lending, apply stricter criteria for financing and achieve a steep increase in the benchmark interest rate it has long used.


  • Eduardo Lima
    T + 55 11 2504 4238
  • Priscilla Santos
    T +55 11 2504 4269
The Build a Report feature requires the use of cookies to function properly. Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently. If you do not accept cookies, this function will not work. For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.