EDP announces mandate and roadshow for a securitization transaction of the tariff deficit in Portugal
StormHarbour Securities LLP has been mandated as sole arranger and Joint Lead Manager and Banco Santander Totta S.A. and J.P. Morgan have been mandated as Joint Lead Managers for the second 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 2013 (including the adjustments for 2011 and 2012) 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:
StormHarbour Securities LLP has been mandated as sole arranger and Joint Lead Manager and Banco Santander Totta S.A. and J.P. Morgan have been mandated as Joint Lead Managers for the second 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 2013 (including the adjustments for 2011 and 2012) 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 1.1 billion.
Roadshow meetings in respect of the securitization operation will commence on March 17th in London, Paris, Munich and the Netherlands.
EDP – Energias de Portugal, S.A.
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