Ukutshala imali kumabhondi aluhlaza kungaba yindlela ethakazelisa kakhulu yokutshala imali futhi kungenye ye imikhiqizo engaziwa ngabatshalizimali abancane nabaphakathi. Manje i-ADIF yenze inkinga yalesi simo ngenani lama-euro ayizigidi ezingama-600. Lo wudaba lwesithathu lolu hlobo olwenziwa yinkampani kwiBME. Kulezi zinsuku, kukhishwa imali entsha yebhondi eluhlaza ye-ADIF - i-Alta Velocity - yokuhweba ngeBME ngemali engangezigidi ezingama-600 zama-euro. Ngemuva kwalokhu okwenziwe ngoJuni 2017 nango-Ephreli 2018, lolu udaba lwesithathu lwalolu hlobo lwamabhondi e-ADIF eMakethe ye-BME AIAF.
Inkinga inesikhathi seminyaka engu-8, ukwehliswa kokugcina kwamabhondi kuzoba ngonyaka ka-2027 ngasikhathi sinye, inenani lomuntu ngamunye lama-euro angama-100.000 futhi izokhokha isigqebhezana esingu-0,95% ngonyaka. I-BBVA, iBanco Santander, i-HSBC Bank kanye ne-Société Générale basebenze njengabaxhumanisi be-Global and Underwriters balolu daba, oluvalwe ngokusabalala uma kuqhathaniswa ne-Treasury Bonds yokuvuthwa okufanayo kwamaphuzu ayisisekelo angama-28.
Ngokunjalo, inzalo ephezulu eyenziwe ukubekwa iyaphawuleka, ngokubhalwa ngaphezulu kwebhuku loku-oda lezikhathi ze-3,3, elaliholwa ngabatshalizimali bamazwe aphesheya, i-67% yenani, futhi babhalisela ku Ama-60% ngabatshalizimali ababhekele ezenhlalo. I-ADIF inesilinganiso se- I-Baa2, umbono ozinzile, yi-Moody's Investors Service futhi kusuka A-, uzinzile, nguFitch. Lolu ucezu lolwazi olubaluleke kakhulu ukuhlola ukuphepha kwalolu hlobo lotshalo-mali futhi lungakhombisa izinga lokuzethemba kulezi zinkinga ezikhetheke kakhulu.
Izibopho eziluhlaza: ukusimama
Izimali eziqoqwe ngalolu daba zizozinikela ekwakhiweni kwemizila emisha yejubane eliphezulu. Inkinga yakhelwe ngaphakathi kohlaka oluchazwe yizinqubomgomo zokusimama ze-ADIF, ezinquma ukuthi ukusetshenziswa kwezimali kuzoba amaphrojekthi afanelekile aluhlaza, ezisungula amanani nezinhloso zotshalomali kumaphrojekthi ashiwo nezibopho ze- ukubika kubatshalizimali. Ngokwengeziwe, amabhondi aluhlaza we-ADIF kumele abe ngaphansi kombono wesibili wokuhambisana nalezi zindlela yi-CICERO (Isikhungo Sokucwaninga Kwesimo Sezwe Somhlaba Wonke).
Uhlelo olusha lokuthembisa
IGlobal Dominion Access ibhalise uhlelo olusha lokuthembisa nge-MARF. Ngaleli thuluzi elisha lezezimali inkampani izoba nemali esele esele kakhulu ezinyangeni eziyi-12 ezizayo ezifika kuma-euro ayizigidi ezingama-75 bese ukhipha amanothi wesethembiso anemigomo yokukhokha phakathi kwezinsuku ezintathu nezinyanga ezingama-24. I-Bankia, i-Banco Santander neNorbolsa zisebenza njengama-Co-Managers kanye ne-Placement Entities of the Programme. I-PKF Attest ingumeluleki obhalisiwe waseDominion eMARF kanti nezeluleko zezomthetho zomnikezeli ngokuvulwa kohlelo zinikezwe yinkampani ye-GBP-Legal.
Ngokombono kaGonzalo Gómez Retuerto, uMqondisi Ophethe we-MARF, “Izinhlelo Zokuthembiswa Zamanothi kule makethe ye-BME zihlanganiswe njengefomula ewusizo futhi eguquguqukayo yezimali yezinkampani, ngoba ziyazivumela ukuthi zivumelane nomthamo onikezwe izidingo zawo zezezimali” . Eminyakeni emihlanu yokusebenza kwayo, iMARF ibhalise izinhlelo ezivela ezinkampanini ezingama-38 esezisakazile kule makethe.
Amathuba amasha ebhizinisi
IGlobal Dominion Access yasungulwa ngonyaka we-1999 futhi kuwo wonke umlando wayo weminyaka engama-20 iba ngumhlinzeki wokuma kwezinsizakalo zobuchwepheshe obuningi futhi izixazululo ezikhethekile zobunjiniyela wemikhakha yezokuxhumana ngocingo, ekufakweni kwezimboni (izakhiwo ezide, imihlangano yamapayipi, igesi kanye nezinhlelo zokushisa umlilo noma ezinengilazi) nasensimini yamandla avuselelekayo omoya nawomoya. Inobukhona emazweni angama-38. IYurophu imele ukuthengiswa kwayo okungu-60%, iMelika, 29% ne-Asia ne-Oceania, ama-11% asele.
Ngo-2018 iDominion ithole i- inzuzo ehlanganisiwe yezigidi eziyi-1.084 ama-euro ne-EBITDA yezigidi ezingama-72,4. Le nkampani ibhalwe ku-Stock Exchange kusukela ngo-2016 futhi ifakiwe enkombeni ye-IBEX Small Cap. Kuze kube seqophelweni lokuba enye indlela yokwenza ukonga kube nenzuzo kepha ngaphansi kwenye i-lens isu elisetshenziswa ngabakhiphi bale mikhiqizo engenayo engaguquki. Lapho imishado yokulamula ingeqi amazinga we-2% noma i-3%.
Amabhondi amasha emholweni ongaguquki
Ukukhishwa okusha kwamabhondi wephrojekthi yi-Photonsolar, inkampani engaphansi kwe-Kobus Renewable Energy II FCR, ngemali engangezigidi ezingama-36,5 zama-euro, nayo ingenelwe ukuhweba eMARF. Amabhondi anenani lobuso beyunithi lama-euro ayi-100.000 futhi kuzokwenyuka isigqebhezana esingu-3,75% ngokuqokwa ngonyaka, ekhokhwa njalo ngekota, kunani lobuso ngaso sonke isikhathi. Ukuncishiswa kwenani kuzokwenzeka ngokunciphisa inani elilinganisiwe futhi njalo ngekota kuze kube ngu-2038.
Isilinganiso se-Axesor sinikeze ukukhishwa kwesibopho se-Photonsolar isilinganiso se BBB-, ngomkhuba ozinzile. I-Photonsolar isebenza ngezitshalo eziyisikhombisa ze-photovoltaic eziseCiudad Real, Seville, Córdoba naseMallorca, eziqale ukusebenza phakathi kuka-2006 no-2008, futhi, seziphelele, ziphethe amandla aqanjwe ngama-megawatts angu-8,82.
Amanothi Okuthembisa eSolaria
IMARF ibhale okusha Uhlelo Lwamanothi Okuthembisa weSolaria Energía y Medio Ambiente, uSolaria angena ngayo emakethe okokuqala evela endlunkulu yeQembu futhi ahlukanise imithombo yayo yezimali zesikhashana. Ukuncishiswa kwenani kuzokwenzeka ngokunciphisa inani elilinganisiwe futhi njalo ngekota kuze kube ngu-2028.
Ngo-2016 nango-2017 uSolaria usevele ubhalisile kwi-MARF izingqinamba ezintathu zesibopho sephrojekthi zesikhathi eside eyenziwe izinkampani ezingaphansi kwayo iGlobasol, iPuertollano 6 neCasiopea, yokuthola imali kabusha kwamapaki amaningi e-photovoltaic aqhutshwa yinkampani. Manje, ngalolu hlelo lwe-Promissory Note, izokwazi ukukhipha izinsimbi ezinokuvuthwa okuphezulu kweminyaka emibili ize ifinyelele kubhalansi ephezulu kakhulu yama-euro ayizigidi ezingama-50.
ISolaria Energía y Medio Ambiente inesilinganiso sebhizinisi i-BBB- (umbono omuhle) esinikezwe yi-Axesor Rating. Selokhu yasungulwa ngonyaka we-2002, iSolaria Energía y Medio Ambiente inolwazi ngokukhethekile emkhakheni wamandla avuselelekayo, ikakhulukazi ekusebenzeni nasekuthuthukiseni ubuchwepheshe be-photovoltaic solar. Njengamanje iSolaria Group ilawula futhi isebenze izitshalo eziyi-14 ezinamandla okuphehla angama-75 MW futhi ikhona eSpain, e-Italy, ePortugal, eGrisi, e-Uruguay, eMexico naseBrazil.