Due to Covid-19, government accounts record shortfall of $ 17 bn

The primary result, balance between expenses and revenues excluding interest expenses, from the Central Government, which includes the National Treasury, Central Bank and Social Security accounts, registered a deficit of R$ 92.902 billion ($ 17 bn) in April 2020. The value is the worst for April and is close to the R$ 95 billion ($ 17,3 bn) fiscal deficit in 2019.

Source: CNN Brasil

Santander invests $ 5 mm in Brazilian fintech

Santander announced an investment of $ 5 million in the Brazilian startup a55 through its Santander InnoVentures venture capital fund. This is the fourth investment that the fund makes in Latin America and the 30th made in a fintech. Prior to this round, a55 had raised $ 3 million from Brazilian and foreign angel investors.

Source: Exame

Petrobras raises $ 3,25 bn abroad during pandemic

Petrobas raised $ 3.25 billion by issuing bonds in the international market. It was the first capture of a Brazilian company after the start of the pandemic. The capture was made in two different plots. The first, of $ 1.5 billion expires in 2031 and has an interest rate of 5.6% per year. The second, of $ 1.75 billion expires in 2050 and has an interest rate of 6.9% per year.

Source: Folha