StormHarbour reveals third deal for Energias de Portugal

electricity
By Tom Porter
21 Jan 2015

StormHarbour arranged an electricity tariff deficit sale for Energias de Portugal just before Christmas, the third such transaction it has structured for the energy company but also the smallest.

StormHarbour was sole arranger and lead manager on the €229m sale of electricity receivables owned by EDP Distribuição — Energia, a subsidiary of EDP, to a vehicle named TAGUS — Sociedade de Titularizacao de Creditos.

The purchase of the receivables by TAGUS was financed through a private placement ...

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