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Brazil receives IADB credit line to support tax management

10 November 2008

The Brazilian government is set to benefit from an IADB credit line to modernise the country's tax system.

Read more: [Brazil IADB]

Brazil will receive a conditional credit line of $500 million from the Inter-American Development Bank (IADB) to finance its programme to help states modernise and integrate their fiscal, financial and asset management systems. Ceará, in the country's northeast, will be the first Brazilian state to benefit from the credit...


Poll

Gazpromneft stunned the market this week when it was revealed pricing for their five-year $1 billion pre-export financing was rumoured to be just above 300 basis points over Libor. Is the deal likely to be a syndication success?

Yes - this seems like a sensible pricing benchmark, why not?
9%
No - are you crazy? These prices are ridiculous. What were these banks thinking?
27%
Yes - but for all the wrong reasons. A lack of other deals in the market, and the promise of future business with Gazpromneft will make it hard to ignore but don’t expect many to take up big tickets with this deal. There are much better deals out there.
64%