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 770,756 16.556 IPCA + 4.85% Br.AAA Oct - 2020 Annual 1
IPCA 1,023,602 23,101 IPCA + 5.10% Br.AAA Oct - 2024 Annual 1
4th Debentures CDI 284,664 819 105% do CDI AAA.br Sep - 2020 Bullet 1
4th Debentures IPCA 267,280 6,227 IPCA + 4.41% AAA.br Sep - 2024 Annual 1
5th Debentures IPCA 523,578 22,119 IPCA + 5.9526% - Jul - 2025 Annual 1
SWAP - CITIBANK* CDI 352,935 0 106.0% CDI - Sep - 2019 Bullet 1
FINAME Fixed 303 1 5.50% - Jul - 2022 Monthly 12
FINAME Fixed 9,519 9 2.50% - Dec - 2022 Monthly 12
FINAME Fixed 291 1 6.00% - Aug - 2024 Monthly 12
FINAME Fixed 16,181 19 3.00% - Jun - 2023 Monthly 12
SGT FINAME Fixed 9,174 9 2.5% - Dec - 2022 Monthly 12
Miracema Promissory Note CDI 29,822 249 104% CDI - Aug - 2019 Bullet 1
Janaúba 1st Debentures IPCA 211,389 1,026 IPCA + 4,5 a.a. - jul/33 Monthly 1
ETAU 1st Debentures CDI 5,252 113 108% CDI - Dec - 2019 Bullet 1
BNDES Selic 2,336 10 SELIC + 3.76% - Aug - 2021 Monthly 12
BNDES TJLP 2,174 3 TJLP + 5.20% - Aug - 2021 Monthly 12
FINAME Fixed 864 3 9.50% - Jan - 2021 Monthly 12
FINAME Fixed 73 0 9.50% - Jan - 2021 Monthly 12
BNDES - GIRO TJLP 5,402 63 TLP + 2,78% + 1,5% + 1,5% - Oct - 2023 Monthly 12
EATE
4th Debentures CDI 28,042 259 109.75% CDI - Aug - 2020 Quarterly 4
5th Debentures - 1st CDI 62,948 301 113% CDI - Sep - 2019 Monthly 12
5th Debentures - 2nd CDI 26,978 129 116% CDI - Sep - 2021 Monthly 12
6th Debentures CDI 26,590 21 107.75% CDI - Sep - 2022 Monthly 12
7th Debentures CDI 39,190 33 113.53 % CDI Jun - 2023 Monthly 12
EBTE 1st Debentures Fixed 69,268 58 4.50% - Nov - 2019 Monthly 12
EDTE 2nd Debentures IPCA 58,102 3,877 IPCA + 5,29% - Dec-2028 Semiannual 2
ECTE 3rd Debentures CDI 5,529 63 CDI + 2.15% - May - 2020 Quarterly 4
4th Debentures CDI 14,254 11 107,75% CDI - Sep - 2022 Monthly 12
ENTE 2nd Debentures CDI 43,744 404 109.75% CDI - Aug - 2020 Quarterly 4
3rd Debentures - 1st CDI 13,978 67 113% CDI - Sep - 2019 Quarterly 4
3rd Debentures - 2nd CDI 5,991 29 116% CDI - Sep - 2021 Quarterly 4
ETEP 2nd Debentures CDI 12,167 122 109.75% CDI - Aug - 2020 Quarterly 4
3rd Debentures CDI 22,368 19 113,22% CDI - Jun - 2023 Monthly 12
ETSE BNDES TJLP 5,979 21 TJLP + 2.02% - Nov - 2028 Monthly 12
BNDES Fixed 3,954 6 3.50% - Nov - 2023 Monthly 12
TRANSLESTE BDMG Fixed 4,369 23 10.0% - Mar - 2025 Monthly 12
BNB Fixed 1,346 7 9.50% - Mar - 2025 Monthly 12
1st Debentures CDI 7,853 54 109.75% CDI - Aug - 2020 Quarterly 4
2nd Debentures CDI 8,946 7 107.75% CDI - Sep - 2022 Monthly 12
TRANSIRAPÉ BDMG Fixed 52 0 4.5% - Jul - 2020 Monthly 12
BDMG Fixed 3,397 5 3.5% - Jan - 2024 Monthly 12
BDMG Fixed 916 28 4.5% + TJLP - Apr - 2021 Monthly 12
BDMG Fixed 1,325 46 3.5% + TJLP - Oct - 2029 Monthly 12
2nd Debentures CDI 8,798 7 107,75% CDI - Sep - 2022 Mensal 12
BNDES Fixed 1,013 31 6.0% + TJLP - Apr - 2026 Monthly 12
TRANSUDESTE 2nd Debentures CDI 12,355 10 107.75% CDI - Sep- 2022 Monthly 12
Total 4,003,023 75,953

* 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.


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