OHL Gets BNDES Loan

OHL Brasil and its Autopista Litoral Sul subsidiary will receive a BRL810.1m ($519m) loan from development bank BNDES. The loan will go towards the operation, rehabilitation, improvement and infrastructure development for the Autopista Litoral Sul highway. The financing is divided into three parts. A BRL508.1m component amortizes over 12 years and paying TJLP+2.32%. A BRL298m tranche amortizes over 10 years and pays the same rate. A BRL4.1m portion amortizes over 10 years and pays the TJLP flat.