NOS SGPS S A : 16-12-20 - NOS informs on 100 million euro sustainable finance transaction
December 16, 2020 at 02:27 am EST
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NOS, SGPS, S.A.
Public Company
Registered Office: Rua Ator António Silva 9 Campo Grande 1600-404 Lisbon
Share Capital: 5,151,613.80 Euros
Registered in the Commercial Registry Office of Lisbon
and Corporation no. 504 453 513
NOS completes 100 million euro sustainable finance transaction
NOS became the first Telecoms Operator in Portugal to implement a sustainable finance transaction. The commercial paper line will be issued by BBVA, in the amount of 100 million euros, maturing in 2026.
With this transaction, NOS tangibly links a portion of its cost of debt to its performance in Sustainability, strengthening and reflecting its strategic relevance and the commitment, at all levels of the Organization, to reach best-in-class targets in ESG indicators (Environmental, Social and Corporate Governance).
NOS also maintains its cost of debt at very attractive levels in comparison to its domestic and European peers, as shown by the average cost of debt of 1.2% reported for the first nine months of 2020. NOS has a leverage ratio of Net Financial Debt / EBITDA After Leases of 1.4x, well below the level of other companies in the Telecoms sector, which shows the strength of its Consolidated Balance Sheet.
The terms agreed upon include a component relative to the ESG performance and rating of NOS, assessed by VigeoEiris. NOS ranks 5th among Telecoms companies in Europe, out of a total 41 companies rated by VigeoEiris in the Telecommunicationssector. With an overall score of 60 out of 100, NOS has obtained an AdvancedESG performance level according to VigeoEirisassessment.
VigeoEiris assessment covers 6 ESG domains: Company Behavior, Human Rights, Environment, Community Involvement, Human Resources and Corporate Governance. The ESG performance of NOS increased by 50% compared to the previous evaluation done in 2018, mainly in the Environmental area, reflecting a number of best practices and initiatives implemented across the company in all areas over the last few years.
This information is also available on N Investor Relations website in www.nos.pt/ir.
Lisbon, 16 December 2020
Contacts
Maria João Carrapato
Head of Investor Relations
Email:ir@nos.pt
Tel.: +351 21 782 4725
Fax: +351 21 782 4735
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Nos SGPS SA published this content on 16 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2020 07:26:05 UTC
NOS, SGPS, S.A. is a telecoms and entertainment group in Portugal. It offers latest generation fixed and mobile phone, television, Internet, voice and data solutions for all market segments. It is leader in Pay TV, new generation broad band services and in cinema distribution. In the business segment, it has positioned itself as a sustainable alternative in the Corporate and Mass Business segments, offering a broad portfolio of products and services with tailor made solutions for each sector and for businesses of different sizes, complementing its offer with ICT and Cloud services.
NOS, SGPS, S.A. 
