{"id":5374,"date":"2022-12-06T15:15:27","date_gmt":"2022-12-06T18:15:27","guid":{"rendered":"https:\/\/hml.artica.capital\/clairfield-pilulas\/debentures-incentivadas-caracteristicas-vantagens-e-desafios\/"},"modified":"2022-12-06T15:15:27","modified_gmt":"2022-12-06T18:15:27","slug":"debentures-incentivadas-caracteristicas-vantagens-e-desafios","status":"publish","type":"pilulas","link":"https:\/\/hml.artica.capital\/en\/clairfield-pilulas\/debentures-incentivadas-caracteristicas-vantagens-e-desafios\/","title":{"rendered":"Deb\u00eantures incentivadas: vantagens e desafios"},"content":{"rendered":"<p>As deb\u00eantures incentivadas s\u00e3o um tipo de t\u00edtulo de cr\u00e9dito privado que conta com isen\u00e7\u00e3o\/redu\u00e7\u00e3o do IR sobre os rendimentos ao investidor. Elas foram criadas no \u00e2mbito da Lei 12.431\/2011, uma iniciativa do governo brasileiro com objetivo de fomentar projetos de infraestrutura, ampliando seu acesso a recursos do mercado de capitais.<\/p>\n\n\n\n<p>A isen\u00e7\u00e3o\/redu\u00e7\u00e3o de IR pode facilitar, para as empresas emissoras, o acesso a investidores dispostos a financiar seus projetos atrav\u00e9s desse tipo de papel. Entretanto, para emitir uma deb\u00eanture incentivada, a Companhia precisar\u00e1 definir e estruturar os projetos em que pretende investir e submet\u00ea-los a aprova\u00e7\u00e3o do governo do Brasil. A empresa emissora precisa demonstrar o compromisso de aloca\u00e7\u00e3o dos recursos obtidos com as deb\u00eantures em pagamentos futuros ou no reembolso de gastos para investimento em infraestrutura.<\/p>\n\n\n\n<p>Gra\u00e7as \u00e0s suas vantagens e apesar de seus desafios frente \u00e0s emiss\u00f5es \u201ccomuns\u201d, as deb\u00eantures incentivadas vem ganhando espa\u00e7o nos \u00faltimos anos, mostrando a import\u00e2ncia do mercado de capitais para o fomento e desenvolvimento da infraestrutura brasileira.<\/p>\n\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1572\" height=\"819\" src=\"\/wp-content\/uploads\/2025\/08\/debentures-incentivadas-caracteristicas-vantagens-e-desafios-01.webp\" alt=\"\" class=\"wp-image-5372\" srcset=\"https:\/\/hml.artica.capital\/wp-content\/uploads\/2025\/08\/debentures-incentivadas-caracteristicas-vantagens-e-desafios-01.webp 1572w, https:\/\/hml.artica.capital\/wp-content\/uploads\/2025\/08\/debentures-incentivadas-caracteristicas-vantagens-e-desafios-01-300x156.webp 300w, https:\/\/hml.artica.capital\/wp-content\/uploads\/2025\/08\/debentures-incentivadas-caracteristicas-vantagens-e-desafios-01-1024x533.webp 1024w, https:\/\/hml.artica.capital\/wp-content\/uploads\/2025\/08\/debentures-incentivadas-caracteristicas-vantagens-e-desafios-01-768x400.webp 768w, https:\/\/hml.artica.capital\/wp-content\/uploads\/2025\/08\/debentures-incentivadas-caracteristicas-vantagens-e-desafios-01-1536x800.webp 1536w, https:\/\/hml.artica.capital\/wp-content\/uploads\/2025\/08\/debentures-incentivadas-caracteristicas-vantagens-e-desafios-01-18x9.webp 18w\" sizes=\"auto, (max-width: 1572px) 100vw, 1572px\" \/><\/figure>\n\n\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1576\" height=\"817\" src=\"\/wp-content\/uploads\/2025\/08\/debentures-incentivadas-caracteristicas-vantagens-e-desafios-02.webp\" alt=\"\" class=\"wp-image-5373\" srcset=\"https:\/\/hml.artica.capital\/wp-content\/uploads\/2025\/08\/debentures-incentivadas-caracteristicas-vantagens-e-desafios-02.webp 1576w, https:\/\/hml.artica.capital\/wp-content\/uploads\/2025\/08\/debentures-incentivadas-caracteristicas-vantagens-e-desafios-02-300x156.webp 300w, https:\/\/hml.artica.capital\/wp-content\/uploads\/2025\/08\/debentures-incentivadas-caracteristicas-vantagens-e-desafios-02-1024x531.webp 1024w, https:\/\/hml.artica.capital\/wp-content\/uploads\/2025\/08\/debentures-incentivadas-caracteristicas-vantagens-e-desafios-02-768x398.webp 768w, https:\/\/hml.artica.capital\/wp-content\/uploads\/2025\/08\/debentures-incentivadas-caracteristicas-vantagens-e-desafios-02-1536x796.webp 1536w, https:\/\/hml.artica.capital\/wp-content\/uploads\/2025\/08\/debentures-incentivadas-caracteristicas-vantagens-e-desafios-02-18x9.webp 18w\" sizes=\"auto, (max-width: 1576px) 100vw, 1576px\" \/><\/figure>","protected":false},"excerpt":{"rendered":"<p>As deb\u00eantures incentivadas s\u00e3o um tipo de t\u00edtulo de cr\u00e9dito privado que conta com isen\u00e7\u00e3o\/redu\u00e7\u00e3o do IR sobre os rendimentos ao investidor. Elas foram criadas no \u00e2mbito da Lei 12.431\/2011, uma iniciativa do governo brasileiro com objetivo de fomentar projetos de infraestrutura, ampliando seu acesso a recursos do mercado de capitais. A isen\u00e7\u00e3o\/redu\u00e7\u00e3o de IR [&hellip;]<\/p>","protected":false},"author":1,"featured_media":5371,"template":"","meta":[],"class_list":["post-5374","pilulas","type-pilulas","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/hml.artica.capital\/en\/wp-json\/wp\/v2\/pilulas\/5374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hml.artica.capital\/en\/wp-json\/wp\/v2\/pilulas"}],"about":[{"href":"https:\/\/hml.artica.capital\/en\/wp-json\/wp\/v2\/types\/pilulas"}],"author":[{"embeddable":true,"href":"https:\/\/hml.artica.capital\/en\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hml.artica.capital\/en\/wp-json\/wp\/v2\/media\/5371"}],"wp:attachment":[{"href":"https:\/\/hml.artica.capital\/en\/wp-json\/wp\/v2\/media?parent=5374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}