aici.<\/a><\/strong><\/em><\/p>\n\nPentru finan\u0163area programului de investi\u0163ii compania vrea s\u0103 apeleze la \u00eemprumuturi \u00een valoare de 850 mil. lei, dar \u015fi s\u0103 atrag\u0103 fonduri europene sau alte asemenea \u00een sum\u0103 de 827 mil. lei, iar diferen\u0163a de circa 2 mld. lei vor constitui surse proprii.<\/p>\n
\n\u201cAstfel, \u00een structura mixului de finan\u0163are creditele bancare \u015fi\/sau obliga\u0163iunile corporative vor reprezenta 23% din total surse, fonduri europene \u015fi altele asemenea vor reprezenta 22%, iar diferen\u0163a de 55% din surse proprii\u201d.<\/p>\n
\n\u00cen opinia agen\u0163iei de rating Moody\u2019s, Transelectrica se afl\u0103 \u00een zona \u201cnon investment-grade\u201d, categoria Ba1 pozitiv, la un \u201cnotch\u201d sub rating-ul de \u0163ar\u0103. Pe 25 august 2021 Moody\u2019s a men\u0163inut opinia de credit la nivelul anului precedent, respectiv Ba1 cu perspectiva pozitiv\u0103, se arat\u0103 \u00een raport.<\/p>\n
\n\u201cOp\u0163iunea credit\u0103rii prin obliga\u0163iuni corporative ar satisface una din cerin\u0163ele privind diversificarea surselor de finan\u0163are, \u00eens\u0103 nu rezolv\u0103 problema flexibilit\u0103\u0163ii cu privire la calendarul de pl\u0103\u0163i aferente investi\u0163iilor care au o doz\u0103 relativ mare de incertitudine. Solu\u0163ia propus\u0103 este de a realiza un program de emisiune de obliga\u0163iuni pe termen mediu (MTN – \u201cmedium term note\u201d \u00een literatura de specialitate) prin care se pot emite obliga\u0163iuni cu tichete mai mici \u015fi \u00een linie cu necesarul de finan\u0163are. Practic, se faceun singur prospect de emisiune pe o valoare cuprinz\u0103toare din care se vor face emisiuni \u00een tran\u015fe la dorin\u0163a companiei\u201d.<\/p>\n
\nCompania arat\u0103 c\u0103 36% din suma de 3,7 mld. lei va fi direc\u0163ionat\u0103 c\u0103tre retehnologizarea RET (Re\u0163eaua Electric\u0103 de Transport \u2013n.red) \u00een timp<\/strong><\/span> ce 31% vizeaz\u0103 cre\u015fterea capacit\u0103\u0163ii de interconexiune cu \u0163\u0103rile vecine. \u201cSume importante<\/strong><\/span> vor fi de asemenea direc\u0163ionate c\u0103tre cre\u015fterea capacit\u0103\u0163ii de evacuare a energiei din regiunile Dobrogea \u015fi Moldova iar restul de 3% pentru proiecte care vizeaz\u0103 \u00eent\u0103rirea securit\u0103\u0163ii sistemului\u201d.<\/p>\n\nStatul rom\u00e2n, prin Secretariatul General al Guvernului (SGG), este cel mai mare ac\u0163ionar al Transelectrica, cu o participa\u0163ie de 58,7%. Compania are 1,8 mld. lei capitalizare, iar de la \u00eenceputul anului 2021 ac\u0163iunile s-au depreciat cu 3,5%. Spre compara\u0163ie indicele BET are plus 25% iar BET-TR plus 31%.<\/p>\n
\n \u200b<\/p>\n","protected":false},"excerpt":{"rendered":"
Transelectrica (TEL), monopol natural pe pia\u0163a rom\u00e2neasc\u0103 de energie electric\u0103, are un plan de investi\u0163ii de 3,73 miliarde de lei p\u00e2n\u0103 \u00een anul 2025, \u00een proiecte precum cre\u015fterea capacit\u0103\u0163ii de interconexiune cu \u0163\u0103rile vecine, printr-un mix de finan\u0163are prin care este luat\u0103 \u00een calcul inclusiv o emisiune de obliga\u0163iuni la bursa de la Bucure\u015fti. \u201cProgramul […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[306,472,149,4683],"class_list":["post-197361","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-bucuresti","tag-finantare","tag-investitii","tag-transelectrica"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/197361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=197361"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/197361\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=197361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=197361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=197361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}