v3.7.0.1
RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2017
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

14.            RELATED PARTY TRANSACTIONS

 

Notes receivable—Bunge holds a note receivable from Navegações Unidas Tapajós S.A., a 50% equity method investment in Brazil, having a carrying value of $22 million at June 30, 2017, which matures in June 2019, with interest based on CDI, the average one-day interbank deposit rate in Brazil.

 

Bunge holds a note receivable from Solazyme Bunge Renewable Oils Cooperatief U.A., a 49.9% equity method investment in Brazil, having a carrying value of $9 million at June 30, 2017, with an interest rate of 11.05%.

 

In addition, Bunge held notes receivables from other related parties totaling $3 million at June 30, 2017.

 

Notes payable—Bunge holds a note payable with its joint venture Bunge SCF Grain LLC with a carrying value of $11 million at June 30, 2017. This note matures on March 31, 2019 with an interest rate based on LIBOR and is included in other long-term liabilities in Bunge’s consolidated balance sheet.

 

Other - Bunge purchased soybeans, other commodity products and received port services from certain of its unconsolidated investees, totaling $232 million and $216 million for the three months ended June 30, 2017 and 2016, respectively, and $500 million and $469 million for the six months ended June 30, 2017 and 2016, respectively.  Bunge also sold soybeans, other commodity products and provided port services to certain of its unconsolidated investees, totaling $245 million and $73 million for the three months ended June 30, 2017 and 2016, respectively, and $311 million and $129 million for the six months ended June 30, 2017 and 2016, respectively.