EDP announces mandate and investor calls for a potential securitization transaction of tariff deficit in Portugal
StormHarbour and J.P. Morgan has been mandated for the fourth Volta transaction, a securitization transaction of credit rights held by EDP Serviço Universal, S.A.
Pursuant to the terms and for the purposes of article 248 of the Portuguese Securities code, EDP - Energias de Portugal, S.A. ("EDP") is providing the following information to the market:
StormHarbour Securities LLP has been mandated as sole arranger and Joint Lead Manager and J.P. Morgan has been mandated as Joint Lead Manager for the fourth Volta transaction, a securitization transaction of credit rights held by EDP Serviço Universal, S.A. in relation with the deferment, for the period of 5 years, of the recovery of the over costs of 2016 with the activity of acquisition of electricity to special regime generators.
The amount owed to EDP Serviço Universal, S.A. in respect of the over costs of 2016 is currently of around EUR 800 million.
Contacts with qualified investors will commence on July 18th through Investor Calls.
EDP – Energias de Portugal, S.A.
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