MPX Completes FX Hedging Program for Thermoelectric Complex
OREANDA-NEWS. September 22, 2011. MPX Energia, today announced that on September 9, 2011 it completed the structuring of currency hedges for the US dollar -denominated portion of the investment to develop 1,514 MW at the MPX Parnaiba thermoelectric complex.
At the time the hedging was concluded, the spot exchange rate was 1.67 BRL/USD, thus in line with the assumption utilized in the projects’ financial assessment.
“We see efficient financial management as a pillar for long-term value creation for our shareholders. The differentiated returns and predictable future cash flows of the
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