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13. BORROWINGS AND FINANCING (Tables)
 12 Months Ended
Dec. 31, 2020
Borrowings And Financing  
Schedule of financial assets borrowings, financing and debentures

The balances of loans, financing and debentures that are recorded at amortized cost are as follows:

 

                  Consolidated
       Current Liabilities     Noncurrent Liabilities 
      12/31/2020   12/31/2019   12/31/2020   12/31/2019
                   
Foreign Debt                  
Floating Rates:                  
Prepayment   (1)    1,119,558    1,769,975    3,457,105    2,563,928
Fixed Rates:                  
Bonds, Perpetual bonds and Advance on Foreign Exchange Contract   (2)    426,676    2,047,032     19,898,213     10,177,517
Intercompany                  
Fixed interest in EUR                  
Intercompany                  
Facility      326,970    223,204    143,503    147,241
       1,873,204    4,040,211     23,498,821     12,888,686
                   
Debt agreements in Brazil                  
Floating Rate Securities in R$:                  
BNDES/FINAME, Debentures, NCE and CCB   (3)    2,282,279    1,086,985    7,716,307     10,049,783
Fixed Rate Securities in R$:                  
Intercompany         25,038        
       2,282,279    1,112,023    7,716,307     10,049,783
Total Borrowings and Financing      4,155,483    5,152,234     31,215,128     22,938,469
Transaction Costs and Issue Premiums      (29,030)    (26,391)    (70,928)    (97,276)
Total Borrowings and Financing + Transaction cost     4,126,453   5,125,843   31,144,200   22,841,193

 

(1) In 2020, the Company renegotiated part of the Prepayment debt in the total amount of U$311 million, postponing part of the maturities of 2020 and 2021 to 2022.

 

  (2) In 2020, the Company issued debt securities representing the foreign market (“Notes”), through its subsidiary CSN Inova Ventures, with maturity in 2028 and interest rate of 6.75% per year, totaling US$1, 3 billion, of which US$1 billion in January and US$300 million in November. Additionally, we used US$263 million in the repurchase offer (“Tender Offer”) of the Notes issued by CSN Resources SA in January 2020. All Notes mentioned above are unconditionally and irrevocably guaranteed by the Company.

 

(3) In June 2020, the Company renegotiated a debt rollover in the amount of R$300 million, shifting the maturities of 2020 to the years 2021, 2022 and 2023.
Schedule of financial assets average interest rate

The following table shows the average interest rate:

 

        Consolidated
        12/31/2020
    Average interest rate (i)   Total debt
US$   6.63%          24,901,552
EUR   1.50%               470,473
R$   2.82%            9,998,586
               35,370,611

 

(i) To determine the average interest rate on debt contracts with floating rates, the Company used the rates applied on December 31, 2020. In The Company, it considers the interest rate of the contracts intercompany.
Schedule of financial assets maturities of borrowings, financing and debentures
13.a) Maturities of loans, financing and debentures presented in current and non-current liabilities

 

            Consolidated
            12/31/2020
            Principal
    Borrowings and financing in foreign currency   Borrowings and financing in national currency   Total
2021   1,873,204   2,282,279   4,155,483
2022   2,683,224   2,859,423   5,542,647
2023   5,567,133   3,036,338   8,603,471
2024   178,033   1,238,275   1,416,308
2025          68,595     68,595
2026   3,118,021     68,587   3,186,608
After 2026   6,755,710   445,089   7,200,799
Perpetual bonds   5,196,700        5,196,700
     25,372,025   9,998,586    35,370,611
Schedule of financial assets new funding transactions and amortization

The following table shows amortization and funding during the year:

 

        Consolidated
    12/31/2020   12/31/2019
Opening balance   27,967,036   28,827,074
New debts     8,116,247   10,149,381
Repayment    (6,448,658)    (11,775,093)
Payments of charges    (1,922,130)   (2,039,112)
Accrued charges (Note 28)     2,002,052     1,996,305
Consolidation of CBSI        19,722
Others  (1)     5,556,106     788,759
Closing balance   35,270,653   27,967,036

  1. Including unrealized exchange and monetary variations and funding cost.
Schedule of financial assets group captures and amortized loans

Funding and Amortization

 

            Consolidated
            12/31/2020
Nature   New debts   Repayment   Interest payment
 Prepayment      177,420    (1,028,606)    (245,125)
 Bonds, Perpetual bonds, ACC, CCE and Facility      7,917,929    (4,458,888)    (1,237,396)
 BNDES/FINAME, Debentures, NCE and CCB     20,898    (961,164)    (439,609)
      8,116,247    (6,448,658)    (1,922,130)