The Ministry of Communications published this Saturday (27) in an extra edition of the Official Gazette of the Union (DOU) the statement of the loan of R$12 billion for the Post Office. The value was approved by the National Treasury on the 18th. The money will be used for the economic and financial restructuring of the state-owned company.
The value is lower than the loan of R$20 billion, denied by the Treasury at the beginning of the month. The creditors are Itaú Unibanco, Bradesco, Santander, Banco do Brasil and Caixa Econômica Federal.
The loan has a payment term of 15 years, with a 3-year grace period and interest equivalent to 115% of the Interbank Deposit Certificate (CDI), the reference rate for interbank operations and close to the basic interest rate, the Selic. The percentage was below the usual limit of 120% of the CDI adopted by the Treasury for operations guaranteed by the Union.
The resources can be used as financing for working capital and strategic investments by the state-owned company. The money can also be used to pay the commission for structuring the credit operation, in addition to other expenses linked to the restructuring plan.
According to the Treasury, the approved proposal meets the payment capacity criteria required for state-owned companies that have a financial rebalancing plan validated by the competent authorities.
