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11 BORROWINGS, FINANCING AND DEBENTURES (Tables) | 12 Months Ended
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Dec. 31, 2019
Borrowings financing and debentures [Abstract] |
Schedule of financial assets borrowings, financing and debentures | The balances of borrowings, financing and debentures, which are carried at amortized cost, are as follows:
|  |  |  |  | Consolidated
|  |  | Current liabilities |  | Non-current liabilities
|  |  | 12/31/2019 |  | 12/31/2018 |  | 12/31/2019 |  | 12/31/2018
Debt agreements in the international market |  |  |  |  |  |  |  |  |
Variable interest in: |  |  |  |  |  |  |  |  |
US$ |  |  |  |  |  |  |  |  |
Prepayment |  |  | 1,769,975 |  | 1,016,737 |  | 2,563,928 |  | 3,830,240
Fixed interest in: |  |  |  |  |  |  |  |  |
US$ |  |  |  |  |  |  |  |  |
Bonds, Perpetual Bonds and ACC | (1) |  | 2,047,032 |  | 2,490,178 |  | 10,177,517 |  | 8,613,491
EUR |  |  |  |  |  |  |  |  |
Others |  |  | 223,204 |  | 181,056 |  | 147,241 |  | 106,535
|  |  | 4,040,211 |  | 3,687,971 |  | 12,888,686 |  | 12,550,266
Debt agreements in Brazil |  |  |  |  |  |  |  |  |
Securities with variable interest in: |  |  |  |  |  |  |  |  |
R$ |  |  |  |  |  |  |  |  |
BNDES/FINAME, Debentures, NCE and CCB | (2) |  | 1,086,985 |  | 1,890,450 |  | 10,049,783 |  | 10,710,678
Securities with fixed interest in: |  |  |  |  |  |  |  |  |
R$ |  |  |  |  |  |  |  |  |
Intercompany |  |  | 25,038 |  |  |  |  |  |
Prepayment |  |  |  |  | 103,376 |  |  |  |
|  |  | 1,112,023 |  | 1,993,826 |  | 10,049,783 |  | 10,710,678
Total Borrowings and Financing |  |  | 5,152,234 |  | 5,681,797 |  | 22,938,469 |  | 23,260,944
Transaction Costs and Issue Premiums |  |  | (26,391) |  | (28,358) |  | (97,276) |  | (87,309)
Total Borrowings and Financing + Transaction Costs |  |  | 5,125,843 |  | 5,653,439 |  | 22,841,193 |  | 23,173,635
(1) In April 2019, the Company issued debt securities in the foreign market ("Bonds"), through its subsidiary CSN Resources S.A., in the amount of US$ 1 billion, being US$ 400 million with maturity in February 2023 and US$600 million with maturity in April 2026, both with interest of 7.625% per annum. Between April and May 2019, a tender offer ("Tender Offer") of the Notes was issued by CSN Islands XI Corp. and CSN Resources S.A., subsidiaries of the Company, having repurchased US$ 1 billion in bonds with maturity in 2019 and 2020. In July 2019, the Company issued thought to its subsidiary CSN Resources, debt securities in the foreign market (“Bonds”), in the amount of US$ 175million, with maturity in February 2023 and interest of 7.625% per annum and made the final payment of the debt in the foreign market (“Notes”), issued by the company CSN Islands XI Corp in September 2019 in the amount of US$ 142 million. (2) In January 2019, the Company issued debt securities in the domestic market (“Debentures”), in the amount of R$ 1,950 million, with maturity in 2023 and interest of 126,8% of CDI.
Schedule of financial assets average interest rate | The following table shows the average interest rate:
|  | Consolidated
|  |  |  | 12/31/2019
|  | Average interest rate (*) |  | Total debt
US$ |  | 6.66% |  | 16,558,452
R$ |  | 5.71% |  | 11,161,806
EUR |  | 2.20% |  | 370,445
|  |  |  | 28,090,703
(*) In order to determine the average interest rates for debt contracts with floating rates, the Company used the rates applied as of December 31, 2019.
Schedule of financial assets maturities of borrowings, financing and debentures | As of December 31, 2019, the breakdown of principal plus interest of long-term liabilities as borrowings, financing and debentures by maturity date is presented as follows:
|  |  |  |  |  |  |  | Consolidated
|  |  |  |  |  |  |  | 12/31/2019
|  |  |  |  |  |  |  | Principal
|  | Bank loans |  | Capital markets |  | Development agencies |  | Total
2021 |  | 2,884,003 |  | 636,667 |  | 55,636 |  | 3,576,306
2022 |  | 2,700,341 |  | 556,666 |  | 54,836 |  | 3,311,843
2023 |  | 2,945,897 |  | 4,378,398 |  | 53,957 |  | 7,378,252
2024 |  | 1,575,437 |  |  |  | 64,746 |  | 1,640,183
2025 |  |  |  |  |  | 68,595 |  | 68,595
After 2025 |  |  |  | 2,418,420 |  | 514,170 |  | 2,932,590
Perpetual bonds |  |  |  | 4,030,700 |  |  |  | 4,030,700
|  | 10,105,678 |  | 12,020,851 |  | 811,940 |  | 22,938,469
Schedule of financial assets new funding transactions and amortization | The table below presents the funding raised and amortizations during the year:
| Consolidated
|  | 12/31/2019 |  | 12/31/2018
Opening balance |  | 28,827,074 |  | 29,510,844
Raised (1) |  | 10,149,381 |  | 2,154,471
Payment of principal |  | (11,775,093) |  | (5,019,978)
Payment of charges |  | (2,039,112) |  | (2,141,710)
Provision of charges (Note 24) |  | 1,996,305 |  | 2,009,688
Consolidation of CBSI as of November 30, 2019 |  | 19,722 |  |
Disposal of LLC |  |  |  | (10,544)
Others (2) |  | 788,759 |  | 2,324,303
Closing balance |  | 27,967,036 |  | 28,827,074
(1) Of the funding raised in the consolidated in 2019, R$100,661 (R$ 10,792 on December 31,2018) was raised to purchase fixed assets – see note 29. (2) Includes unrealized exchange and monetary variations.
Schedule of financial assets group captures and amortized loans | Funding raised and amortizations: Consolidated 12/31/2019
Nature |  | Raised |  | Amortization of principal |  | Amortization of charges
Prepayment |  | 805,288 |  | (1,596,711) |  | (319,257)
Bonds, Perpetual bonds, ACC and Facility |  | 6,616,544 |  | (5,959,029) |  | (882,007)
BNDES/FINAME, Debentures, NCE and CCB |  | 2,727,549 |  | (4,219,353) |  | (837,848)
|  | 10,149,381 |  | (11,775,093) |  | (2,039,112)

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