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    PAMP   ARP432631215

PAMPA ENERGÍA S.A.

(PAMP)
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Issuance of the First Green Bond: AR$3.1 billion maturing in 18 months

01/14/2022 | 04:45pm EST

Release

Buenos Aires, January 14, 2022. Pampa Energía S.A. ('Pampa' or the 'Company'; NYSE: PAM; ByMA: PAMP) informs that yesterday the Company had successfully completed the placement of the first Green Bond (Series 8 Corporate Bond), denominated in Argentine peso at a variable interest rate of Badlar plus 2%, maturing in July 2023 by American amortization method. The Company issued a nominal value of AR$3.1 billion after having received offers of purchase for more than AR$9.6 billion, more than 3 times compared to the nominal value to be issued.

The use of proceeds will finance the expansion project at PEPE III (Pampa Energía Wind Farm III), as the Company will invest more than US$120 million to increase PEPE III's gross capacity by 81 MW. Its output will be sold to large users through private PPA in the MAT ER (Term Market from Renewable Energy Sources) and its commercial commissioning is estimated for the second quarter of 2023.

As of today, Pampa owns three wind farms: PEMC (Mario Cebreiro Wind Farm) of 100 MW, PEPE II and PEPE III, of 53.2 MW each. Once works are finalized, our wind farms will contribute to the national grid a total of 287.4 MW of renewable energy.

This is the first green bond issued by Pampa, which reflects the commitment to finance projects with a positive impact on the environment and to diversify the country's energy matrix. The issuance was distinguished by Fix Ratings, an affiliate of Fitch Ratings, with a Green Bond (BV1) rating, one of the best ratings, as it is in line with the ICMA (International Capital Market Association)'s four core components of the GBP (Green Bond Principles). Moreover, the bond will join the Social, Green and Sustainable Bonds Panel of the ByMA, which promotes the conditions for the Capital Markets of Argentina to become more sustainable.

This expansion, in addition to the closing of the cycle project at CTEB (Ensenada Barragán Thermal Power Plant) and the investment commitment for the three rounds of the Plan Gas.Ar, are part of the Company's strategy to focus its investments on the power generation capacity growth, and the exploration and production of natural gas.

For further information, please contact:

Gustavo Mariani - CEO
Nicolás Mindlin - CFO
Lida Wang - IR and sustainability officer

The Pampa Energía Building
Maipú 1, (C1084ABA), Buenos Aires, Argentina
Phone: +54 (11) 4344 6000
ri.pampaenergia.com/en
investor@pampaenergia.com

Disclaimer

Pampa Energia SA published this content on 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 21:44:06 UTC.


© Publicnow 2022
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Financials
Sales 2021 151 B 1 450 M 1 450 M
Net income 2021 25 695 M 247 M 247 M
Net Debt 2021 101 B 968 M 968 M
P/E ratio 2021 9,19x
Yield 2021 -
Capitalization 223 B 2 145 M 2 146 M
EV / Sales 2021 2,15x
EV / Sales 2022 1,76x
Nbr of Employees -
Free-Float 72,5%
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Mean consensus UNDERPERFORM
Number of Analysts 3
Last Close Price 161,45 ARS
Average target price 124,00 ARS
Spread / Average Target -23,2%
EPS Revisions
Managers and Directors
Gustavo Mariani Vice Chairman & Chief Executive Officer
Nicolás Mindlin Chief Financial Officer
Marcos Marcelo Mindlin Chairman
Mauricio Penta Executive Director-Administration & IT
Miguel Ricardo Bein Independent Director
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