SAO PAULO Nov 23 Brazil's state development
bank BNDES agreed to repay up to 100
billion reais ($29 billion) in loans owed to the federal
government before the end of the year, in a bid to help curb
rapid public debt growth.
Rio de Janeiro-based BNDES said it scrapped an original plan
to repay the Treasury loan in three annual installments through
In an interview on Tuesday with Reuters, BNDES Chief
Executive Officer Maria Sílvia Bastos Marquest had left open the
possibility of an early repayment deal.
(Reporting by Guillermo Parra-Bernal; Editing by Lisa Shumaker)