TAESA - Investor Relations Mobile

Indebtness


In 3Q18, Outstanding effective debt amounted to R$ 3,710,6 million, effective Cash and Equivalents totaled R$ 1.481,0 million, hence effective Net Debt reached R$ 2,229,7 million. The 3.5% q.o.q. reduction in net debt was influenced by the generation of operating cash in the period. It is worth highlighting the increase in gross debt indexed to IPCA, explained by the 5th issuance of debentures in July 2018 in the amount of R$ 525.8 million.

Consolidating proportionally the jointly-owned and associated companies, total gross debt would be R$ 4,227 million and cash of R$ 1,579 million, considering the following amounts: (i) TBE debts in the amount of R$ 450.6 million and cash/investments of R$ 82.4 million; (ii) ETAU debts in the amount of R$ 11.9 million and cash/investments of R$ 5.8 million; (iii) Brasnorte cash/investments in the amount of R$ 2.0 million; and (iv) Transmineiras debt in the amount of R$ 53.5 million and cash/investments of R$ 7.8 million.

Considering the proportional net debt of the jointly-controlled investees and associated companies, the net debt to EBITDA ratio reached 1.5x in 3Q18, 7.1% higher than the 1.4x recorded in 3Q17.

Company Creditor Index Principal
(R$ / 000)
Interest (R$ / 000) Cost Issue Rating Maturity Amort Coupons per Year
Taesa 3rd Debentures IPCA 1,136,787 52,255 IPCA + 4.85% Br.AAA Oct - 2020 Annual 1
IPCA 1,006,264 48,640 IPCA + 5.10% Br.AAA Oct - 2024 Annual 1
4th Debentures CDI 284,238 669 105% do CDI AAA.br Sep - 2020 Bullet 1
4th Debentures IPCA 261,796 455 IPCA + 4.41% AAA.br Sep - 2024 Annual 1
5th Debentures IPCA 519,898 6,534 IPCA + 5.9526% - Jul - 2025 Annual 1
SWAP - CITIBANK* CDI 353,114 0 106.0% CDI - Sep - 2019 Bullet 1
FINAME Fixed 348 1 5.50% - Jul - 2022 Monthly 12
FINAME Fixed 10,788 8 2.50% - Dec - 2022 Monthly 12
FINAME Fixed 318 1 6.00% - Aug - 2024 Monthly 12
FINAME Fixed 18,085 16 3.00% - Jun - 2023 Monthly 12
SGT FINAME Fixed 10,397 8 2.5% - Dec - 2022 Monthly 12
ETAU 1st Debentures CDI 5,248 119 108% CDI - Dec - 2019 Bullet 1
BNDES Selic 2,514 3 SELIC + 3.76% - Aug - 2021 Monthly 12
BNDES TJLP 2,806 9 TJLP + 5.20% - Aug - 2021 Monthly 12
FINAME Fixed 1,099 3 9.50% - Jan - 2021 Monthly 12
FINAME Fixed 94 0 9.50% - Jan - 2021 Monthly 12
EATE 3rd Debentures CDI 20,792 55 CDI + 1.15% - Mar - 2019 Quarterly 4
4th Debentures CDI 37,387 375 109.75% CDI - Aug - 2020 Quarterly 4
5th Debentures - 1st CDI 62,932 265 113% CDI - Sep - 2019 Monthly 12
5th Debentures - 2nd CDI 26,971 114 116% CDI - Sep - 2021 Monthly 12
6th Debentures CDI 30,370 16 107.75% CDI - Sep - 2022 Monthly 12
7th Debentures CDI 42,231 23 113.53 % CDI Jun - 2023 Monthly 12
EBTE 1st Debentures Fixed 77,370 43 4.50% - Nov - 2019 Monthly 12
ECTE 3rd Debentures CDI 8,956 110 CDI + 2.15% - May - 2020 Quarterly 4
4th Debentures CDI 14,241 8 107,75% CDI - Sep - 2022 Monthly 12
ENTE 2nd Debentures CDI 58,322 585 109.75% CDI - Aug - 2020 Quarterly 4
3rd Debentures - 1st CDI 13,968 59 113% CDI - Sep - 2019 Quarterly 4
3rd Debentures - 2nd CDI 5,986 25 116% CDI - Sep - 2021 Quarterly 4
ETEP 2nd Debentures CDI 16,221 163 109.75% CDI - Aug - 2020 Quarterly 4
3rd Debentures CDI 22,341 12 113,22% CDI - Jun - 2023 Monthly 12
ETSE BNDES TJLP 6,259 17 TJLP + 2.02% - Nov - 2028 Monthly 12
BNDES Fixed 4,377 5 3.50% - Nov - 2023 Monthly 12
TRANSLESTE BDMG Fixed 4,738 24 10.0% - Mar - 2025 Monthly 12
BNB Fixed 1,459 7 9.50% - Mar - 2025 Monthly 12
1st Debentures CDI 7,785 78 109.75% CDI - Aug - 2020 Quarterly 4
2nd Debentures CDI 8,939 5 107.75% CDI - Sep - 2022 Monthly 12
TRANSIRAPÉ BDMG Fixed 71 0 4.5% - Jul - 2020 Monthly 12
BDMG Fixed 3,748 5 3.5% - Jan - 2024 Monthly 12
BDMG Fixed 1,135 28 4.5% + TJLP - Apr - 2021 Monthly 12
BDMG Fixed 1,387 41 3.5% + TJLP - Oct - 2029 Monthly 12
2nd Debentures CDI 8,791 5 107,75% CDI - Sep - 2022 Mensal 12
BNDES Fixed 1,084 27 6.0% + TJLP - Apr - 2026 Monthly 12
TRANSUDESTE 2nd Debentures CDI 14,121 8 107.75% CDI - Sep- 2022 Monthly 12
Total 4,115,776 110,823

* The debt was issued in USD indexed to Libor but, as it has a swap to CDI, the final value in R$ after the swap was considered as the debt amount.


Contact IR

Telephone Contact

(55 21) 2212-6060