US$50-million programme for Brazilian rubber producer

Unibanco - União de Bancos Brasileiros SA - and its affiliates have arranged a US$50-million export prepayment programme for Petroflex Indústria e Comércio SA. A producer of synthetic rubber products with annual turnover of R$800 million, Petroflex’s largest customers include Pirelli, Goodyear and Brigdestone. This is the company’s second export prepayment financing in the international market since 1999.