Bank John Deere raises R $ 300 million, with an eye on lower government subsidy

Banco John Deere, focusing on the agricultural segment, raised R$ 300 million in financial letters, a traditional banking capture instrument, in its debut in the capital market. In addition to diversifying its sources of funding, the operation aims to strengthen credit lines in the financing of machinery and technologies, with an eye on market demand that will arise with the lowest subsidy to the agribusiness sector by the federal government. The issuance of Banco John Deere was coordinated by Itaú BBA and Bradesco BBI, with a post-fixed rate and the two-year period.