Highlights
TrendBank is news in Valor Econômico
Valor Econômico, a business daily, named TrendBank the manager with the largest credit rights investment fund in the Brazilian market.
Another innovative solution for successful partnerships.
TrendBank innovations and projects at APAS 2010.
Pão de Açúcar adopts TrendBank solutions
Brazil’s largest retail chain will use TrendBank’s services to anticipate receivables from its suppliers.
TrendBank at Santos OffShore
Petrobrás is enjoying international recognition for the company’s ultra-deep drilling technology and is extracting oil at increasingly higher depths at competitive prices at its offshore oil fields. This has attracted the interest of worldwide oil companies that are entering into partnership agreements with Petrobrás to explore and produce oil from Brazil’s huge continental shelf. An exploration and production market that increasingly welcomes international partners has in turn created new opportunities for Petrobrás in other parts of the world, where the company’s expertise can attract new businesses.
Currently the company’s focus is on expanding production and oil and gas reserves in a sustainable manner; being recognized for its exploration and production work; expanding its businesses in areas with great exploration and production potential, where the company’s operational, technical and technological prowess can represent a competitive edge; and optimizing returns by employing practices and new technologies in areas with high levels of exploration.
The Brazilian Oil and Natural Gas Mobilization Program (Prominp) was established on December 19, 2003, to encourage Brazilian suppliers to offer competitive and sustainable products and services when oil and gas projects are implemented in Brazil and abroad. The program is coordinated by the Brazilian Ministry of Mines and Energy and by Petrobrás. Prominp has already developed more than 170 projects in this area, including the Promimp Receivables Project, of which the Petrobrás Credit Right Fund is part.
TrendBank enters partnership with Sonda.
The partnership will help Sonda, a supermarket chain, provide its suppliers with the convenience and speed of TrendBank’s services.
Interviews with Mr. Ailton Domingues
Watch the interviews on Bloomberg:
Multisetorial – R$250,215,529.90 (closed credit right fund)
After securing R$50 million on March 2, 2010, in this credit fund’s second series, we reached a total net worth of R$250 million in June 2010.
Benchmark is 120% of the interbank rate.
Multicredit – R$62.940.435,82 9 (FIDC ABERTO)
This fund was opened for investment in November 2009 and by June 2010 its net worth was R$63 million.
In its Review Report of April 2010, S&P maintained this fund’s “A” rating – low credit risk.
Benchmark is 120% of the interbank rate.
LAST UPDATED ON APRIL 19th 2010
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