Cash & Debt Overview
Resumen de Caja y Deuda
Cash and Debt, by Segment (in AR$ million)
| Cash as of March 31, 2019(1) |
Consolidated Financial Statements |
Ownership Adjusted |
|---|---|---|
| Power generation | 1,918 | 1,137 |
| Electricity distribution | 3,384 | 1,752 |
| Refining & distribution | – | – |
| Petrochemicals | – | – |
| Holding and others | 10,664 | 10,664 |
| Oil and gas | 7,734 | 7,728 |
| Total | 23,699 | 21,280 |
| Bank and Financial Debt as of March 31, 2019 |
Consolidated Financial Statements |
Ownership Adjusted |
|---|---|---|
| Power generation(2) | 24,358 | 24,358 |
| Electricity distribution | 9,615 | 4,977 |
| Refining & distribution | – | – |
| Petrochemicals | – | – |
| Holding and others | – | – |
| Oil and gas | 48,490 | 48,490 |
| Total | 82,463 | 77,825 |
Note: (1) It includes cash and short-term investments. (2) It does not include regulatory liability held against CAMMESA for AR$4,877 million.
Listed Debt Securities (In Million)
| Company | Security | Maturity | Amount Issued | Amount Outstanding | Coupon |
|---|---|---|---|---|---|
| In US$ | |||||
| Transener1 | CB Series 2 | 2021 | 101 | 97 | 9.75% |
| Edenor | CB par at fixed rate | 2022 | 300 | 164 | 9.75% |
| TGS1 | CB at discount at fixed rate | 2025 | 500 | 500 | 6.75% |
| Pampa Energía | CB Series 4 US$-Link2,3 | 2020 | 34 | 34 | 6.25% |
| CB Series T at discount at fixed rate | 2023 | 500 | 500 | 7.375% | |
| CB Series I at discount at fixed rate | 2027 | 750 | 740 | 7.5% | |
| In AR$ | |||||
| Pampa Energía | CB Series E3 | 2020 | 575 | 575 | Badlar Privada |
Note: (1) Affiliates are not consolidated in Pampa’s FS, according to the IFRS standards. (2) CB dollar-link, with initial FX rate of AR$8.4917 /US$. (3) Debt securities issued by CTLL, a power generation subsidiary merged by absorption to Pampa Energía.
Credit Ratings
| Foreign Currency | Domestic Currency | |
|---|---|---|
| S&P Global |
B | – |
| Moody’s | B2 | – |
| Fitch | B | AA- |
Information updated as of May 10, 2019.