XML 32 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Marketable debt securities
 12 Months Ended
Dec. 31, 2017
Marketable debt securities [Abstract]  
Marketable debt securities

19. Marketable debt securities

 

The breakdown, by classification and type, of the balance of “Marketable debt securities” is as follows:

 

 

 

 

 

 

 

 

Thousand of reais

 

2017

 

2016

 

2015

 

 

 

 

 

 

 

Classification:

 

 

 

 

 

 

Financial liabilities at amortized cost

 

  70,247,012

 

99,842,955

 

94,658,300

Total

 

  70,247,012

 

99,842,955

 

94,658,300

 

 

 

 

 

 

 

Type:

 

 

 

 

 

 

Real estate credit notes - LCI (1)

 

  27,713,873

 

23,983,429

 

23,795,322

Eurobonds

 

  1,992,828

 

7,721,646

 

13,465,373

Treasury Bills (2)

 

  31,686,259

 

61,157,037

 

55,300,989

Agribusiness credit notes - LCA (3)

 

  8,854,052

 

6,980,843

 

2,096,616

Total

 

  70,247,012

 

99,842,955

 

94,658,300

 

 

 

 

 

 

 

 

 

Indexers:

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

Abroad

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Treasury Bills

 

 

 

 

 

 

 

 

 

 

 

 

 

 97% to 108% of CDI

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 100% of IGPM

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 100% of IPCA

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Pre fixed: 10,05% to 17,74%

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 104% to 105% of SELIC

 

 -

Real estate credit notes - LCI

 

 

 

 

 

 

 

 

 

 

 

 70% to 97% of CDI

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Pre fixed: 8,27% of 14,91%

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 100% of IPCA

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 100% of TR

 

 -

Agribusiness credit notes - LCA

 

 

 

 

 

 

 

 

 

 

 

 87% to 94% of CDI

 

 -

Eurobonds

 

 

 

 

 

 

 

 

 

 

 

 

 

 0,7% to 3%

 

 0,72% to 15,70%

(1) Real Estate Credit Notes are fixed income securities pegged  by mortgages and mortgage-backed securities or liens on property. On December 31, 2017, have maturities between 2018 to 2026 (2016 - there are maturities between 2017 to 2026 and 2015 -  there are maturities between 2016 to 2020).

(2) The main features of the Treasury Bills are the minimum period of two years, minimum notional of R$300 and permission for early redemption of only 5% of the issued amount. On December 31, 2017, have a maturity between 2018 to 2025 (2016 - have a maturity between 2016 to 2017 to 2025 and 2015 - there are maturities between 2016 to 2025).

(3) Agribusiness credit notes are fixed income securities in which resources are allocated to the promotion of agribusinessindexed between 86.0% to 94.0% of CDI. On December 31, 2017, its maturities dates are between 2018 to 2019 (12/31/2016 - there are maturities between 2017 to 2018 and 2015 -  there are maturities between 2016 to 2018).

 

The breakdown, by currency, of the balance of this account is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thousand of reais

 

 

 

 

 

Currency:

 

 

 

 

 

 

 

 

 

 

 

2017

 

2016

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real

 

 

 

 

 

 

 

 

 

 

 

  68,335,103

 

92,132,195

 

82,506,826

US dollar

 

 

 

 

 

 

 

 

 

 

 

  1,911,909

 

7,645,542

 

11,180,678

Swiss Francs

 

 

 

 

 

 

 

 

 

 

 

-

 

  -

 

  603,889

Peso/Chile

 

 

 

 

 

 

 

 

 

 

 

-

 

  -

 

  135,388

Yen

 

 

 

 

 

 

 

 

 

 

 

-

 

  -

 

  35,743

Euro

 

 

 

 

 

 

 

 

 

 

 

-

 

  65,218

 

  195,776

Total

 

 

 

 

 

 

 

 

 

 

 

  70,247,012

 

99,842,955

 

94,658,300

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average interest (%)

Currency:

 

 

 

 

 

 

 

 

 

 

 

2017

 

2016

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real

 

 

 

 

 

 

 

 

 

 

 

5.5%

 

11.7%

 

12.1%

US dollar

 

 

 

 

 

 

 

 

 

 

 

6.8%

 

3.7%

 

1.0%

Yen

 

 

 

 

 

 

 

 

 

 

 

-

 

0.0%

 

3.1%

Total

 

 

 

 

 

 

 

 

 

 

 

5.7%

 

11.3%

 

9.6%

The changes in the balance of Marketable debt instruments were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thousand of reais

 

 

 

 

 

 

 

 

 

 

 

2017

 

2016

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of the year

 

 

 

 

 

 

 

 

 

 

 

  99,842,955

 

94,658,300

 

70,355,249

Issuances

 

 

 

 

 

 

 

 

 

 

 

  59,663,420

 

50,313,469

 

72,936,057

Payments

 

 

 

 

 

 

 

 

 

 

 

(97,009,957)

 

  (56,164,769)

 

  (63,516,234)

Interest (Note 34)

 

 

 

 

 

 

 

 

 

 

 

  7,901,199

 

12,212,922

 

10,047,874

Exchange differences and Others

 

 

 

 

 

 

 

 

 

 

 

  (150,605)

 

  (1,305,204)

 

4,835,354

Additions arising from acquisitions of companies

 

 

 

 

 

 

 

 

 

 

 

-

 

  128,237

 

  -

Balance at end of the year

 

 

 

 

 

 

 

 

 

 

 

  70,247,012

 

99,842,955

 

94,658,300

On December 31, 2017, 2016 and 2015, none of these instruments was convertible into Bank shares or granted privileges or rights which, in certain circumstances, make them convertible into shares.

The note 45-d contains a detail of the residual maturity periods of financial liabilities at amortized cost in each year.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate (p.y)

 

 

 

 

 

 

 

 

 

 

Issuance

 

Maturity

 

Currency

 

 

2017

 

2016

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Eurobonds

 

 

 

2011

 

2016

 

USD

 

4.2%

 

-

 

  -

 

3,268,431

Eurobonds (1)

 

 

 

2012

 

2016

 

CHF

 

3.3%

 

-

 

  -

 

  603,889

Eurobonds (1)

 

 

 

2013

 

2016

 

BRL

 

8.0%

 

-

 

  -

 

1,255,841

Eurobonds (1)

 

 

 

2012

 

2016

 

CLP

 

4.6%

 

-

 

  -

 

  135,388

Eurobonds

 

 

 

2014

 

2016

 

USD

 

1,5% to 2,0%

 

-

 

  -

 

  192,583

Eurobonds (1)

 

 

 

2014

 

2016

 

JPY

 

1.8%

 

-

 

  -

 

  35,743

Eurobonds

 

 

 

2014

 

2017

 

USD

 

2,1% to 2,4%

 

-

 

  -

 

  27,473

Eurobonds

 

 

 

2015

 

2016

 

USD

 

0,4% to 3,0%

 

-

 

  -

 

2,614,244

Eurobonds

 

 

 

2015

 

2018

 

USD

 

2.2%

 

40,333

 

39,727

 

  47,598

Eurobonds

 

 

 

2015

 

2020

 

USD

 

2.9%

 

10,656

 

10,206

 

  11,877

Eurobonds

 

 

 

2007

 

2017

 

BRL

 

FIDC

 

-

 

1,930

 

  7,122

Eurobonds

 

 

 

2015

 

2016

 

BRL

 

1.6%

 

-

 

  -

 

  3,543

Eurobonds

 

 

 

2015

 

2016

 

EUR

 

0,8% to 1,0%

 

-

 

  -

 

  195,603

Eurobonds

 

 

 

2016

 

2017

 

USD

 

0,7% to 2,5%

 

-

 

3,408,932

 

  -

Eurobonds

 

 

 

2017

 

2018

 

USD

 

Zero Coupon to 2,4%

 

  1,195,668

 

  -

 

  -

Eurobonds

 

 

 

2017

 

2019

 

USD

 

Libor 3M + 1,0%

 

165,677

 

  -

 

  -

Eurobonds

 

 

 

2017

 

2024

 

USD

 

6,9% to 10,0%

 

541,487

 

  -

 

  -

Eurobonds

 

 

 

2012

 

2017

 

USD

 

4.6%

 

-

 

4,116,309

 

5,025,982

Others

 

 

 

 

 

 

 

 

 

 

 

39,007

 

 144,542

 

  40,056

Total

 

 

 

 

 

 

 

 

 

 

 

  1,992,828

 

7,721,646

 

13,465,373

(1) On December 31, 2015 includes R$1,995,118 in cash flow hedge operations, being  R$1,255,841 indexed in Reais, R$603,889 indexed on foreign currency - Swiss Franc, R$R$135,388 in Chilean Peso and R$35,743 for market risk hedge operations, being R$35,743 (R$ 24,480) indexed to foreign currency - YEN.