Banco Votorantim (Antas syndication leader) is committed to delivering the debt facility for Stage 1. Interrogation of term sheets has concluded with two blue-chip Brazilian groups being shortlisted. Syndication will likely proceed with one, or both of these parties targeting completion before end of current quarter.
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When does this current quarter end Red ?
Funding Progress Triggers Return to Pedra Branca, page-12
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