“We are considering going to the market with an issue to 10 years,” said António Mexia in the annual results 2014, adding that the operation should be performed by the end of the semester, in an amount not less than EUR 750 million .
The president of EDP said that “what is clear is that interest rates are now well below the average cost of financing, currently at 2%.”
To António Mexia, replacing debt issue will arise at a time when there is a positive evaluation by the agencies of `rating`, in which EDP again received a rating of` investment grade` by the Fitch Moody`se , and the Standard & amp; Poor’s improved the `outlook` to positive.
EDP closed last year with profits attributable to shareholders of 1,040 million euros, up 4% than in 2013, announced today in a statement to the Securities Market Commission (CMVM).
Meanwhile, net income for the period rose 6% to 1,264 million euros.
The EBITDA (earnings before interest, taxes, depreciation and amortization), this stood at 3,642 million euros in 2014, plus 1% year on year.
Last year, the global investment group was 1,794 million euros, of which 1.000 million were in Portugal, and the five hydro plants under construction reached 85% of the level of completion.
EDP ended 2014 with a net debt of € 17,000 million, down 41 million euros recorded at the end of 2013.
The company will propose to the shareholders a dividend of 0.185 euros per share, “stable compared to 2013″.
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