Funding Lines and Debts

The following chart shows the funding lines, with the respective interest rates, maturities and outstanding balances as of December 2020:

EndDebt – Funding Lines Fixed Rate (Annual) Variable rate (Annual) Issue Date Maturity Date Outstanding Balance (BRL million) %
In National Currency:
FGTS Funds* 7.65% TR ** 08.16.2042 671.1 17.7%
Finame 4.04% 03.28.2011 01.15.2025 33.7 0.9%
BNDES Loan 6,08% TJLP 01.15.2008 05.15.2025 228.1 6,0%
BNDES/4th Debenture Issue
1st Series 6,10% TJLP 07.15.2010 07.15.2022 54.1 1,4%
2nd Series 9.05% IPCA 07.15.2010 08.15.2022 147.2 3,9%
3rd Series 6,10% TJLP 07.15.2010 07.15.2022 71.6 1,9%
Caixa/5th Issue Debentures 9.00% TR 09.20.2011 09.01.2031 189.0 5,0%
Market Debentures – 7th Issue
2nd Series 7.39% IPCA 04.15.2014 04.15.2021 35.7 0.9%
BNDES/8th Debenture Issue
1st Series 6,42% TJLP 06.15.2015 06.15.2028 65.3 1,7%
2nd Series 8.18% IPCA 06.15.2015 06.15.2028 33.4 0,9%
BNDES/11th Debenture Issue
1st Series 7,17% TJLP 01.15.2017 01.15.2031 128.6 3.4%
2nd Series 8,85% IPCA 01.15.2017 01.15.2031 62.7 1.7%
BNDES/12th Debenture Issue
1st Series 5.06% IPCA 02.08.2018 01.15.2024 213.4 5,6%
2nd Series 5.27% IPCA 02.08.2018 01.15.2026 91.9 2,4%
BNDES/13th Debenture Issue
1st Series 2,03% DI 07.15.2018 07.15.2021 93.5 2,5%
2nd Series 2,09% DI 07.15.2018 07.15.2023 545.3 14,4%
3rd Series 6.50% IPCA 07.15.2018 07.15.2025 75.4 2,0%
BNDES/14th Debenture Issue
1st Series 2,02% DI 06.15.2019 06.15.2024 56.6 1.5%
2nd Series 4.30% IPCA 06.15.2019 06.15.2026 150.2 4.0%
BNDES/15th Debenture Issue
Single Series 3,68% DI 12.16.2020 12.16.2025 500.6 13,2%
Other Liabilities:
Libertas (Private Pension Plan) 6,73% INPC 01.08.2001 11.08.2021 4.7 0,1%
In Foreign Currency:
Banco do Brasil*** 4,52% Libor 08.05.1998 04.10.2024 131.6 3.5%
KfW 2.07% 11.29.2011 12.20.2023 212.7 5.6%
Total Short + Long Term Debt 3.796.4 100.0%
Issuance Costs of Securities 10.6
Total Short + Long Term Debt 3.785.8
Cash and Cash Equivalents 786.4
Net Debt 2.999.4

* FGTS funds: Caixa Econômica Federal.
** Various Dates.
*** Debt originally contracted from foreign financial institutions, as covered in an agreement entered into between the Brazilian government and the international financial community to restructure the foreign debt of the Brazilian public sector with international private creditors. Under this agreement, approved by the Federal Senate by means of Resolution 98 of December 29, 1992, the debt was exchanged for bonds issued by the Federal Government, which became the debtor before foreign creditors. Several types of bonds at interest rates consistent with those used in the international financial market were issued to replace the principal installments.

To follow the evolution of loans and financing throughout the fiscal year, please access the Quarterly Earnings Releases.