Loans from Korios are also offered at higher rates

The approval of the Greek work after the approval of the treasury when working with the cancer of the state-owned company, but analysts about the amount of interest is transparency and stimulation to establish the company.

Money can be given to Correios at a higher rate

Once the state-owned company's Council approves the operation with a group of banks, the decree could allow Treasury approval, but analysts show doubts about interest rates, transparency and the impetus needed to restructure the state-owned company.

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Execution: 11/30/2025 - 23:08

Corrections seek a loan of R $ 20 billion with support from the Union and Finance

Correios is preparing to secure a $20 billion emergency loan from a banking group, with a unit guarantee and support from the Treasury.Despite the initial approval, analysts expressed concern about the high cost and transparency of the process.The interest rate can reach 136% of the CDI, which exceeds the upper limit of the state treasury.The aim of the measure is to avoid losses, but structuring and transparency are needed.

Immersed in an extraordinary economic and financial emergency, Corrios may be able to take an emergency loan of 20 billion dollars from a syndicate of banks, with the approval of the national treasury and the guarantor of the union, but the high mental value of the credit - which is still officially unknown - has caused doubts among the name of the viability of the operation among V.operation

Saturday.To be effective, the registration of the work must be approved by the savings account, since the loan provides a guarantee of cooperation from financial institutions.

As an arbitrator, the Union of Union was established for the buyer to allow the buyer to send the bank account

The Financial Guarantee Committee uses a ceiling of 120% CDI as a reference for operations that qualify for a trade union guarantee. The percentage is not mandatory, but it acts as a limit to avoid high costs.

Rate close to 136% of CDI

According to the information of the interlocutors familiar with the negotiations, the interest rate now offered by the banks was slightly below the initial offer that was agreed a few months ago - 136% of the CPI - but close to that level.However, the banks relaxed additional requirements that are considered atypical for sovereign guaranteed operations, such as minimum profit and future claims.

According to the assessment of the economist Gilberto Braga of IBMEC, taking a loan inevitably risks stopping the work of the post office due to lack of funds.However, he pointed out the main point, the state-owned company lacks transparency regarding the terms of the debt it intends to earn.For Braga, although Correios does not have the obligation to have the publication that exists in listed companies, it would be good management practice to rationalize the situation:

Ideally, government-guaranteed loans will have lower rates.However, it is not known why the exact word is not presented.The excuse is that it is necessary to wait for official approval from other institutions, TCUS and government agencies.

The economist says that the donation solves "a very short term, it puts out the fire" only:

- It is now necessary to weigh the company, discuss the restructuring and what is the location of the new business.

According to Claudio Flisio, a professor at the FIA ​​​​School of Business, the presentation of the acquisition will prevent the avoidance of state institutions, job protection and employment guarantees.

"If the required face is used, it may lead to the necessary reconstruction of the roads, which will make them more efficient in the medium and long term," he said.

But Feloniyi notes that the downside of the measure is that it can hide the need for long-term structural change.If Coreos is unable to restructure and repay the debt, the analyst will be exposed to a public shortfall.

- Then the treasury must pay the debt.The union guarantee no doubt comforts technicians who may ultimately be considered complicit in an unfavorable situation, but it does not entirely remove responsibility.

Filoni said transparency is important during the restructuring process.

— Goals without clear monitoring mechanisms are not effective. There must be defined strategies that consider which initiatives would be taken even in the least favorable scenarios. And it is important that there is transparency and accountability. After all, it is public resources that will be contributed to this restructuring process.