XML 46 R28.htm IDEA: XBRL DOCUMENT
v3.21.1

22 Debentures | 12 Months Ended
--- | ---
Dec. 31, 2020
Debentures [Abstract] |
Debentures |
22 | Debentures
|  |  |  |  |  |  |  |  | Contractual | Effective |  | 12.31.2020 | 12.31.2019
|  |  |  |  | Issue | Number of | Final | Payment | financial | interest | Contract
Company | Issue | Characteristics | Allocation | Guarantees | Date | installment | maturity | of charges | charges p.y. | rate p.y. | amount
Copel | 7th | (a) | Working capital or used to make investments in the issuer. | Personal guarantee | 01.19.2018 | 2 | 01.19.2021 | Half-yearly | 119.0% of DI | 125.18% of DI | 600,000 | 303,101 | 617,378
8th | Payment of the 6th issue of debentures and working capital increase | 06.14.2019 | 1 | 06.14.2022 | Half-yearly | 106.0% of DI | 110.93% of DI | 500,000 | 500,475 | 500,906
Copel GeT | 1st | (a) | Working capital or used to make investments in the issuer. | Personal guarantee | 05.15.2015 | 3 | 05.15.2020 | Annual | 113.0% of DI | 114.29% of DI | 1,000,000 | - | 346,906
3rd | 10.20.2017 | 3 | 10.20.2022 | Half-yearly | 126.0% ofDI | 131.21% of DI | 1,000,000 | 669,811 | 1,011,691
4th | Full early redemption of the 4th issue of the Company’s trade promissory notes and partial payment of the 1st amortization installment of the 2nd issue of debentures. | 07.23.2018 | 3 | 07.23.2023 | Half-yearly | 126.0% ofDI | 133.77% of DI | 1,000,000 | 1,010,625 | 1,030,054
5th | (b) | Reimbursement of expenses related to the construction of the Transmission Lines Araraquara II - Taubaté, Assis - Londrina and Foz do Chopim. | 09.25.2018 | 5 | 09.15.2025 | Half-yearly | IPCA + 7.6475% | IPCA+ 8.3295% | 290,000 | 322,110 | 308,464
6th (1st serie) | (c) | Full early redemption of the 5th issue of the Company’s trade promissory notes and partial payment of the 2nd amortization installment of the 2nd issue of debentures. | 07.15.2019 | 2 | 07.15.2024 | Half-yearly | 109.0% of DI | 111.25% of DI | 800,000 | 807,793 | 818,406
6th (2nd serie) | Reimbursement of expenses related to the Colíder HPP and Baixo Iguaçu HPP projects | 07.15.2019 | 1 | 07.15.2025 | Half-yearly | IPCA + 3.90% | IPCA+ 4.46% | 200,000 | 215,265 | 205,677
Copel DIS | 3rd | (a) | Working capital or used to make investments in the issuer. | Personal guarantee | 10.20.2017 | 2 | 10.20.2022 | Half-yearly | 126.0% of DI | 130.85% of DI | 500,000 | 502,358 | 505,846
4th | Working capital and payment of the 1st installment of amortization of the 2nd issue of debentures. | 09.27.2018 | 3 | 09.27.2023 | Half-yearly | DI + spread 2.70% | CDI + 3.96% | 1,000,000 | 1,011,796 | 1,019,626
5th (1st serie) | (c) | Investment for expansion, renovation or improvement and reimbursement of expenses of the Issuer's electricity distribution network linked to concession contract No. 46/1999 of ANEEL. | 11.15.2019 | 3 | 11.15.2027 | Half-yearly | IPCA + 4.20% | IPCA+ 4.61% | 500,000 | 529,349 | 506,180
5th (2nd serie) | Reinforcement of working capital and recomposition of cash by the final amortization of the 2nd issue of debentures. | 11.15.2019 | 2 | 11.15.2022 | Half-yearly | DI + spread 1.45% | CDI + 1.65% | 350,000 | 351,479 | 351,914
Copel CTE | 1st | (a) | Deployment, expansion and modernization of the telecommunication network. | Personal guarantee | 10.15.2015 | 5 | 10.15.2024 | Half-yearly | IPCA +7.9633% | IPCA+ 8.1073% | 160,000 | - | 195,429
2nd | 07.15.2017 | 1 | 07.15.2022 | Half-yearly | IPCA + 5.4329% | IPCA+ 6.1036% | 220,000 | - | 246,355
3rd | Investments in the issuer. | 05.15.2019 | 3 | 05.15.2024 | Half-yearly | 117.0% of DI | 119.58% of DI | 210,000 | - | 211,348
Brisa Potiguar | 2nd (1st serie) | (d) | Implementation of wind generating plants. | Real and personal guarantee and pledge of Copel GeT shares. | 03.24.2016 | 192 | 07.15.2032 | Monthly | TJLP + 2.02% | TJLP + 2.02% | 147,575 | 109,677 | 119,171
2nd (2nd serie) | 03.24.2016 | 192 | 07.15.2032 | Monthly | IPCA + 9.87% | IPCA+ 10.92% | 153,258 | 130,449 | 135,657
Cutia | 1st | (b) | Construction and implementation of wind generating plants. | Personal guarantee | 03.20.2019 | 26 | 12.15.2031 | Half-yearly | IPCA +5.8813% | IPCA+ 6.83% | 360,000 | 353,166 | 352,829
Compagás | 2nd | (e) | Fund investment plan of the issuer. | Floating | 04.15.2016 | 54 | 12.15.2021 | Quarterly | TJLP + 2.17% | TJLP + 2.17% | 33,620 | 3,000 | 6,001
| 0 |  |  | SELIC + 2.17% | SELIC + 2.17% | - | 2,890 | 5,782
3rd | (f) | Issuer's investment plan fund. | Real | 12.17.2019 | 18 | 06.28.2021 | Monthly | DI + spread 0.88 | 5.68% | 43,000 | 14,475 | 44,746
|  |  |  |  |  |  |  |  |  |  | Gross debt | 6,837,819 | 8,540,366
|  |  |  |  |  |  |  |  |  |  | (-) Transaction cost | (80,338) | (110,656)
|  |  |  |  |  |  |  |  |  |  | Net debt | 6,757,481 | 8,429,710
|  |  |  |  |  |  |  |  |  |  | Current | 1,881,411 | 1,164,301
|  |  |  |  |  |  |  |  |  |  | Noncurrent | 4,876,070 | 7,265,409
(a) Simple debentures, single series, not convertible into shares, unsecured, for public distribution with restricted placement efforts, according to CVM No. 476. Guarantor: Copel. Trustee: Pentágono S.A. DTVM.
(b) Simple debentures, single series, not convertible into shares, with security interest and additional personal guarantee, for public distribution with restricted efforts, pursuant to CVM Instruction No. 476.
Guarantor: Copel. Trustee: Pentágono S.A. DTVM.
(c) Simple debentures, two series, not convertible into shares, unsecured, for public distribution with restricted placement efforts, according to CVM No. 476. Guarantor: Copel. Trustee: Pentágono S.A. DTVM.
(d) Simple debentures, two series, not convertible into shares, issued privately. Companies: Nova Asa Branca I, Nova Asa Branca II, Nova Asa Branca III, Nova Eurus e Ventos de Santo Uriel. Guarantor: Copel. They have no trustee.
(e) Simple registered debentures, single series, with private issue and exclusive placement by BNDESPAR. Guarantor: Compagás. Trustee: BNDES Participações S.A. BNDESPAR.
(f) Simple and registered debentures, with a single series, in private issue, with public distribution of restricted efforts. Guarantor: Compagás. Trustee: Simplific Pavarini DTVM Ltda.
22.1 | Maturity of noncurrent installments
12.31.2020 | Gross debt | (-) Transaction cost | Net debt
2022 | 2,035,503 | (18,969) | 2,016,534
2023 | 1,173,340 | (12,064) | 1,161,276
2024 | 504,759 | (6,982) | 497,777
2025 | 499,422 | (5,298) | 494,124
2026 | 234,477 | (3,756) | 230,721
After 2026 | 488,057 | (12,419) | 475,638
| 4,935,558 | (59,488) | 4,876,070
22.2 | Changes in debentures
| Total
Balance as of January 1, 2019 | 7,518,131
Funding | 2,965,028
Charges and monetary variations | 623,795
Amortization - principal | (1,977,125)
Payment - charges | (700,119)
Balance as of December 31, 2019 | 8,429,710
Charges and monetary variations | 453,951
Amortization - principal | (1,046,295)
Payment - charges | (422,295)
Reclassification (a) | (657,590)
Balance as of December 31, 2020 | 6,757,481
(a) Reclassification to Assets classified as held for sale (Note 40). |
22.3 | Covenants
Copel issued debentures containing covenants that require the maintenance of certain economic and financial ratios within pre-determined parameters, requiring annual fulfillment and other conditions to be complied with, such as not changing the Company's interest in the capital stock that would represent change of control without prior consent from the debenture holders; not paying out dividends or interest on capital if it is in arrears in relation to honoring any of its financial obligations or not maintaining the financial ratios as determined without prior written consent of the debenture holders. Failing to fulfill these conditions may lead to accelerated redemption of debentures and regulatory penalties. At December 31, 2020, all financial indicators measured annually and agreed commitments were fully met, except the subsidiary Ventos de Santo Uriel, which did not meet the Debt Service Coverage Ratio (ICSD) of 1.3. However, the Company preventively requested and received, at December 31, 2020, according to a letter from BNDES, with reference AE/DEENE2 No. 186/2020, the commitment of the banking institution not to declare the early maturity of the debenture deed, based on the performance of this ratio in 2020. The financial covenants contained in the agreements are presented as follows:
Company | Contract | Annual financial index | Limit
Copel | 7th issue of Debentures | Consolidated net debt / Consolidated EBITDA Debt service coverage ratio | ≤ 3,5 ≥ 1,5
8th issue of Debentures
Copel GeT | 3rd issue of Debentures
4th issue of Debentures
5th issue of Debentures
6th issue of Debentures
Copel DIS | 3rd issue of Debentures
4th issue of Debentures
5th issue of Debentures
Copel TEL | 1st issue of Debentures
2nd issue of Debentures
3rd issue of Debentures
Compagás | 2nd issue of Debentures | Net debt / EBTIDA | ≤ 3,5
General Indebtedness | ≤ 0,7
3rd issue of Debentures | Net debt / EBTIDA | ≤ 3,5
Nova Asa Branca I |  | Debt service coverage ratio | ≥ 1,3
Nova Asa Branca II |
Nova Asa Branca III | 2nd issue of Debentures
Nova Eurus IV |
Ventos de Santo Uriel |
Cutia | 1st issue of Debentures | Debt service coverage ratio (a) | ≥ 1,2
(a) financial ratio calculated based on the amounts of the consolidated financial statements of Cutia Empreendimentos Eólicos S.A.

X
- References No definition available. + Details
Name: | elp_DebenturesAbstract
Namespace Prefix: | elp_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of debt instruments. [Refer: Debt instruments issued; Debt instruments held] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfDebtSecuritiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration