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DEBENTURES | 12 Months Ended
--- | ---
Dec. 31, 2017
DEBENTURES |
DEBENTURES | NOTE 14 — DEBENTURES
|  | General |  | Quantity as of December 31, 2017 |  |  |  |  |  |  |
Issuance |  | Meeting |  | Issued |  | Held in treasury |  | Maturity |  | 2017 |  | 2016 |
3rd- A and B |  | May 27,1982 |  | 144,000 |  | 136,259 |  | 06/01/2021 |  | 21,377 |  | 44,292 |
7th |  | July 14, 1982 |  | 68,400 |  | 63,587 |  | 07/01/2022 |  | 1,333 |  | 35,942 |
8th |  | November 11, 1982 |  | 179,964 |  | 168,242 |  | 05/02/2023 |  | 14,557 |  | 57,191 |
9th |  | June 10, 1983 |  | 125,640 |  | 124,203 |  | 09/01/2024 |  | 4,900 |  | 10,731 |
11th - A and B |  | June 29, 1990 |  | 150,000 |  | 147,561 |  | 06/01/2020 |  | 5,761 |  | 17,267 |
14th |  | August 26, 2014 |  | 20,000 |  | 10,174 |  | 08/30/2024 |  | — |  | — |
Total Consolidated |  |  |  |  |  |  |  |  |  | 47,928 |  | 165,423 |
Non-current |  |  |  |  |  |  |  |  |  | 47,928 |  | 165,423 |
The amortization schedules of long term are as follows:
|  | 2017 |  | 2016 |
2020 |  | 5,761 |  | 17,267 |
2021 |  | 21,377 |  | 44,292 |
2022 |  | 14,557 |  | 57,191 |
2023 on |  | 6,233 |  | 46,673 |
|  | 47,928 |  | 165,423 |
Debentures are denominated in Brazilian reais, they are not convertible into shares and have variable interest at a percentage of the CDI (Interbank Deposit Rate). The nominal annual interest rate was 9.93% and 14.00% as of December 31, 2017 and December 31, 2016, respectively. The Company has guarantees provided by parent entity for debentures of the 7ª, 8ª, 9ª and 11ª issuances.

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