edp announcement

EDP announces mandate and roadshow for a securitization transaction of the tariff deficit in Portugal

Lunes, 09 Marzo 2015

StormHarbour Securities LLP has been mandated as sole arranger and Joint Lead Manager and Banco Santander Totta S.A., Deutsche Bank AG, London Branch and J.P. Morgan have been mandated as Joint Lead Managers for the securitization transaction of credit rights held by EDP Serviço Universal, S.A. in relation with the deferment of the recovery of the over costs of 2014 with the activity of acquisition of electricity to special regime generators. The amount owed to EDP Serviço Universal, S.A. is currently of around EUR 1.25 billion.

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., Deutsche Bank AG, London Branch and J.P. Morgan have been mandated as Joint Lead Managers for the third 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 2014 (including the adjustments for 2012 and 2013) 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 1.25 billion.

Roadshow meetings in respect of the securitization operation will commence on March 11th in London, and will follow through Paris, Munich, Amsterdam, Madrid and Lisbon.


EDP – Energias de Portugal, S.A.