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Brazil's BNDES May Lend More Than 25% Of Reference Assets Worth To Vale

RIO DE JANEIRO -(Dow Jones)- Brazil's state-owned development bank BNDES may now make loans to mining company Vale SA (VALE, VALE5.BR) of a value greater than 25% of the bank's reference assets, Brazil's National Monetary Council CMN said late Thursday. Permission has been given for greater loans than previously to the country's biggest mining company because it is considered to operate in a strategic area, CMN said in a statement. The new rule freeing up lending to Vale will be applicable to July 2015, it said. Oil and gas producer Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, and electrical utility Centrais Eletricas Brasileiras SA (ELET6.BR), or Eletrobras, already benefit from the rule which allows them to receive funding from BNDES at a level over 25% of the bank's reference assets value because they are considered strategic companies. Thursday's resolution extends this benefit for Petrobras and Eletrobras until July 2015, CMN said. -By Diana Kinch, Dow Jones Newswires; 55 21 7564 4495; Diana.Kinch@dowjones.com

Stock News for Petroleo Brasileiro (PBR)
DateTimeHeadline
04/15/201417:02:39ADR Shares End Lower; Infosys, Diageo Shares Active
04/08/201417:41:31ADR Shares End Mostly Higher; Veolia Shares Active
04/01/201414:42:11Repsol Begins Operations at Peru Gas Field
03/31/201417:16:48ADR Shares End Higher; ING, Novartis Shares Active
03/18/201413:21:03Correction to Brazil's Petrobras Bribery Story on Monday
03/17/201413:28:05Brazil's Petrobras Bribery Investigation Continues
03/11/201413:41:59Brazil's Petrobras Reveals BRL8.77 Billion in Tax Disputes
03/10/201417:42:18ADR Shares End Lower; Petrobras Shares Active
03/10/201416:39:49BOND REPORT: Treasury Prices Inch Up Ahead Of Debt Supply
03/10/201413:49:32BOND REPORT: Treasury Prices Swing Higher Ahead Of Debt Supply
03/10/201411:20:08Brazil's Petrobras Seeks to Sell At Least $3 Billion Debt...
02/26/201417:03:36ADR Shares End Mixed; Anheuser-Busch InBev Shares Active
02/03/201415:30:09Petrobras Shares Plummet to Eight-Year Low
02/03/201415:20:01Petrobras Shares Plummet 5.8% to Close at Eight-Year Low
01/29/201415:51:23Brazil Stocks Close Down On Fed Tapering Move
01/24/201411:20:12Brazil's Petrobras, Partners to Invest Up To $500 Million at...
01/17/201417:02:48ADR Shares End Lower; Shell, Shire Shares Active
01/17/201409:10:18Petrobras Offers Workers Buyouts
01/15/201417:41:31ADR Shares End Higher; Teva, Petrobras Shares Active
01/09/201418:07:43ADR Shares Close Lower; ARM Holdings, Alcatel-Lucent, Vale Shares...

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