EDP announces mandate and roadshow for a securitization transaction of the tariff deficit in Portugal
EDP has mandated StormHarbour to act as sole arranger and lead manager for the structuring of 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 2012 (including the adjustments for 2010 and 2011) with the activity of acquisition of electricity to special regime generators.
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:
EDP has mandated StormHarbour to act as sole arranger and lead manager for the structuring of 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 2012 (including the adjustments for 2010 and 2011) with the activity of acquisition of electricity to special regime generators.
The amount owed to EDP Serviço Universal, S.A. in respect of such over costs is currently of around EUR 600 million.
Roadshow meetings in respect of the securitization operation will commence on 15th May in London, Paris and Munich.
EDP – Energias de Portugal, S.A.
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