Cash & Debt Overview
Resumen de Caja y Deuda
Cash and Debt, by Segment (in US$ million)
| As of March 31, 2020, in US$ million |
Cash1 | Financial Debt | Net Debt | |||
|---|---|---|---|---|---|---|
| Consolidated in FS |
Ownership Adjusted |
Consolidated in FS |
Ownership Adjusted |
Consolidated in FS |
Ownership Adjusted |
|
| Power generation | 165 | 140 | 515 | 515 | 350 | 375 |
| Electricity distribution | 69 | 38 | 168 | 93 | 99 | 55 |
| Petrochemicals | – | – | – | – | – | – |
| Holding and others | 48 | 48 | – | – | (48) | (48) |
| Oil and gas | 160 | 160 | 1,098 | 1,098 | 938 | 938 |
| Total | 443 | 386 | 1,782 | 1,706 | 1,339 | 1,320 |
| Affiliates at ownership | 134 | 134 | 423 | 423 | 289 | 289 |
| Total with affiliates | 577 | 521 | 2,205 | 2,129 | 1,627 | 1,608 |
| Total Restricted Group2 | 373 | 348 | 1,613 | 1,613 | 1,240 | 1,265 |
Note: FS: Financial Statements. 1 It includes cash and cash equivalents, financial assets at fair value with changing results and investments at amortized cost; it excludes Plan Gas’ bonds pending of collection. 2 Consolidated figures excluding Edenor and affiliates, according to the definition in Pampa Energía’s debt indenture.
Listed debt securities (in million)
| Company | ISIN |
Security | Maturity | Amount Issued | Amount Outstanding | Coupon |
|---|---|---|---|---|---|---|
| In US$ | ||||||
| Transener1 | USP3058XAK11 | CB Series 2 | 2021 | 101 | 91 | 9.75% |
| Edenor | USP3710FAJ32 | CB – par at fixed rate | 2022 | 300 | 137 | 9.75% |
| TGS1 | USP9308RAZ66 | CB – discount at fixed rate | 2025 | 500 | 482 | 6.75% |
| Pampa Energía | USP7873PAE62 | CB Series T – discount at fixed rate | 2023 | 500 | 422 | 7.375% |
| USP7464EAA49 | CB Series I – discount at fixed rate | 2027 | 750 | 646 | 7.5% | |
| USP7464EAB22 | CB Series III – discount at fixed rate | 2029 | 300 | 293 | 9.125% | |
| In AR$ | ||||||
| Pampa Energía | n.a. | CB Series E2 | 2020 | 575 | 575 | Badlar Privada |
| n.a. | CB Series IV3 | 2020 | 1,238 | 1,238 | Badlar Privada +3% | |
| ARCTLL560045 | CB Series V3 | 2020 | 565 | 565 | Badlar Privada +5% | |
Note: Updated as of June 30, 2020. 1 Affiliates are not consolidated in Pampa’s Finacial Statements (FS), according to the International Financial Reporting Standards (IFRS). 2 Debt security issued by Loma De La Lata Thermal Power Plant (CTLL), a subsidiary merged to Pampa Energía. 3 Issued on April 30, 2020.
Credit Ratings
| Foreign Currency | Domestic Currency | |
|---|---|---|
| S&P Global |
CCC+ | – |
| Moody’s | Caa3 | – |
| Fitch | CCC | AA- |
Information updated as of June 26, 2020.