Brazil upsizes and extends Bpifrance-backed defence loan

Brazil has upsized and extended a Bpifrance-backed loan to finance a defence deal under the submarine development programme (PROSUB). Signed on 23 December 2024, the new 8-year deal is an extension of three years to an existing 5-year loan with five new tranches totalling $1.75 billion.BNP Paribas...