XML 271 R69.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Debentures (Tables)
 12 Months Ended
Dec. 31, 2023
Debentures  
Schedule of debentures
                         
                  Contractual Effective   12.31.2023 12.31.2022
          Issue Number of  Final Payment financial interest Contract
Company Issue Characteristics Allocation Guarantees Date installment maturity of charges  charges p.a. rate p.a. amount
Copel GeT 4th  (a) 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. Personal guarantee 07.23.2018 3 07.23.2023 Half-yearly 126.0% of  DI 133.77% of DI 1,000,000  -   357,573
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  157,327   225,643
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  424,292   852,816
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  263,113   251,363
7th (1st serie) Reinforcement of the Issuer's working capital; amortization and/or reimbursement of cash of the principal portion of the 3rd and 4th issue of debentures. 10.15.2021 2 10.15.2026 Half-yearly DI + spread 1.38% DI + spread 1.45% 1,133,363  1,163,255   1,166,982
7th (2nd serie) Investments for expansion, renovation or improvement and/or reimbursement of expenses within the scope of the Projects: Improvements of Gov. Bento Munhoz da Rocha Netto HPP; Implementation of the Assets of Lot “E”, from Aneel Auction No. 05/2015; Investments in Mata de Santa Genebra Transmissão S.A. and Bela Vista Geração de Energia S.A.  10.15.2021 3 10.15.2031 Half-yearly IPCA + 5.7138%  IPCA + 6.1033%  366,637  416,456   397,825
8th (1st serie) Acquisition of Santa Rosa & Mundo Novo Wind Complex (SRMN) and Aventura Wind Complexes. 01.15.2023 2 01.15.2030 Half-yearly DI + spread 1.40% DI + spread 1.41% 1,100,000  1,168,465   -
8th (2nd serie) Reimbursement of investment expenses and/or contributions in the scope of the Jandaíras I, II, III and IV Wind Power Generating Plants Projects. 01.15.2023 3 01.15.2035 Half-yearly IPCA +6.8226%  IPCA +7.5817%  200,000  214,426   -
Copel DIS 4th  (a) Working capital and payment of the 1st installment of amortization of the 2nd issue of debentures. Personal guarantee 09.27.2018 3 09.27.2023 Half-yearly DI + spread 2.70% CDI + 3.96% 1,000,000  -   346,895
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  647,092   618,209
6th (1st serie) Reinforcement of working capital and amortization of the first installment of the principal of the debentures of each of the Issuer's following issues: 3rd, 4th and 5th Issue. 06.16.2021 2 06.15.2026 Half-yearly CDI + 1.95% CDI + 2.02% 1,000,000  1,004,566   1,006,449
6th (2nd serie) 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. 06.16.2021 3 06.15.2031 Half-yearly IPCA + 4.7742% IPCA + 5.1564% 500,000  585,696   559,894
7th (1st serie) (e) Reinforcement of working capital; redemption of 3rd issue debentures; amortization of the 2nd installment of the principal of the 4th and 5th issuance. 05.15.2022 2 05.15.2025 Half-yearly CDI + 1.21% CDI + 1.28% 300,000  304,505   305,380
7th (2nd serie) 05.15.2022 2 05.15.2027 Half-yearly CDI + 1.36% CDI + 1.42% 901,450  915,148   917,789
7th (3rd serie) Investments for expansion, renovation or improvement and/or reimbursement of expenses of the issuer's electricity distribution network, linked to Aneel's Concession Agreement No. 46/1999. 05.15.2022 3 05.15.2032 Half-yearly IPCA + 6.1732%  IPCA + 6.6587%  298,550  315,816   301,830
8th (1st serie) (e) Exclusively for cash reinforcement to meet the Issuer commitments. 06.15.2023 1 06.15.2024 Half-yearly CDI + 1.45% CDI + 1.89% 400,000  401,784   -
8th (2nd serie) Exclusively for amortization of principal and interest due under the Private Deed of the 4th Issue of Debentures, and the remaining amount, if any, for cash reinforcement to meet the Issuer commitments. 06.15.2023 2 06.15.2027 Half-yearly CDI + 2.00% CDI + 2.14% 800,000  803,723   -
8th (3rd serie) Exclusively for cash reinforcement to meet the Issuer commitments. 06.15.2023 1 06.15.2028 Half-yearly CDI + 2.25% CDI + 2.35% 400,000  401,897   -
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 82,744  91,468
2nd (2nd serie) 03.24.2016 192 07.15.2032 Monthly IPCA + 9.87% IPCA+ 10.92% 153,258  118,146   126,067
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  349,555   360,894
                      Gross debt  9,738,006   7,887,077
                    (-) Transaction cost   (118,900)   (83,222)
                      Net debt  9,619,106   7,803,855
                      Current  1,225,649   1,346,347
                      Noncurrent  8,393,457   6,457,508

(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 and Ventos de Santo Uriel. Guarantor: Copel. They have no trustee.
(e)Simple debentures, three series, not convertible into shares, unsecured, with additional personal guarantee, for public distribution with restricted placement efforts, pursuant to CVM Instruction No. 476. Guarantor: Copel. Trustee: Pentágono S.A. DTVM.
Schedule of maturity of noncurrent installments
     
12.31.2023 Gross debt (-) Transaction cost Net debt
2025         1,825,412              (25,529)         1,799,883
2026         2,202,198              (19,105)         2,183,093
2027         1,130,834              (11,413)         1,119,421
2028            465,465                (8,281)            457,184
2029            954,663                (8,115)            946,548
After 2029         1,903,983              (16,655)         1,887,328
          8,482,555              (89,098)         8,393,457
Schedule of changes in debentures
     
  Continuing operations Discontinued operations Total
Balance as of January 1, 2021 6,737,229                        20,252            6,757,481
Funding 3,000,000                                 -            3,000,000
(-) Transaction costs (35,030)                                 -               (35,030)
Charges and monetary variations 620,751                        37,902               658,653
Amortization - principal (1,831,809)                      (20,239)          (1,852,048)
Payment - charges (343,524) (17,549)             (361,073)
Reclassification - held for sale - Copel Telecomunicações -                      (20,366)               (20,366)
Balance as of December 31, 2021 8,147,617                                 -            8,147,617
Funding 1,500,000                                 -            1,500,000
(-) Transaction costs (14,445)                                 -               (14,445)
Charges and monetary variations 1,112,287                                 -            1,112,287
Amortization - principal (2,051,481)                                 -          (2,051,481)
Payment - charges (890,123)                                 -             (890,123)
Balance as of December 31, 2022 7,803,855                                 -            7,803,855
Funding 2,900,000                      295,000            3,195,000
(-) Transaction costs (a) (60,677)                           (955)               (61,632)
Charges and monetary variations 1,297,445                        19,017            1,316,462
Amortization - principal (1,193,910)                      (18,437)          (1,212,347)
Payment - charges (1,127,607)                      (10,423)          (1,138,030)
Reclassification (b)  -                    (284,202)             (284,202)
Balance as of December 31, 2023 9,619,106                                 -            9,619,106
(a) Includes the amount of R$41,788 relating to financial consideration (waiver) paid as a result of the process of transforming Copel into a Corporation, as detailed in Note 21.3.
(b) Reclassification to Liabilities classified as held for sale (Note 39).
Schedule of financial covenants
     
Company Contractual Instrument Annual financial ratio Limit
Copel GeT 5th issue of Debentures Consolidated net debt / Consolidated EBITDA
Debt service coverage ratio		 ≤  3.5
≥ 1.5
6th issue of Debentures
7th issue of Debentures
8th issue of Debentures
Copel DIS 5th issue of Debentures
  6th issue of Debentures
  7th issue of Debentures
  8th issue of Debentures
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. The contract establishes that, should the index be in the range between 1.10 and 1.20, the value of the funds invested in the Reserve Account must be complemented so that the total reaches the index of 1.20, within 2 days of the release of the financial statements.