Treasury Direct will launch a bond aimed at education

Treasury Direct, a program for the sale of public securities to individuals over the internet, may have a title aimed at education, announced this Thursday (27) the secretary of the National Treasury, Rogério Ceron. He also announced that the government is considering using the papers as guarantees for rent and financing.

According to Ceron, the Treasury is working together with B3, the Brazilian stock exchange, to launch the instrument. The first set of measures regarding the educational title should be announced by July. For credit instruments and rent, there is still no set date.

Regarding the title for education, the idea is that the parents of a student buy titles over 18 years, which would work as savings for paying for a private university for their children, explained the secretary. The role would work along the lines of the Treasury RendA+, launched at the beginning of the year to finance retirements.

“Families will have a very customized title for that. So, over 18 years, when the child is born, you can do it, start this investment process. The bet is that the product will be a great reference for family savings for the university cycle, the educational cycle”, Ceron highlighted at a press conference to explain the deficit of R$ 7.085 billion in March.

The period of 18 years, explained the secretary, may be even shorter depending on the age of the beneficiary. “Then, it (the accumulated investment) becomes a fixed income for four, five years, aiming to pay for the university cycle, to support this process”, he said.

Rent

The Secretary of the Treasury also announced that the agency is studying the use of Treasury Direct bonds as guarantees for property rentals and financing, such as automobiles. Guarantees are assets that can be used to cover any defaults, reducing interest on credit lines. “You give more security to the financial institution. With that, you get lower interest rates on financing”, explained Ceron.

In the case of rents, the titles would cover the security deposit equivalent to three months’ rent. “Often, you have to deposit three rents with the landlord or go after a guarantor. And, suddenly, this issue of depositing money to the landlord can have a series of problems: either it is not corrected, or there may be a return problem”, he added.

Companies

Regarding the educational title, Ceron said that the government is considering creating instruments so that companies also contribute with investments and offer the instrument as a benefit for the children of employees. The system would work along the lines of closed pension funds, offered to employees of a company.

“The employee deposits BRL 50 for his son, the company plus BRL 50, as with a company’s supplementary pension. It can do this to support and ensure that the employee’s son can, when he turns 18, have access to resources that can support the university cycle, pay a monthly fee at a private university or support the costs in that cycle in which there are no conditions to work full-time many times,” he said.