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Cemig Generation and Transmission

Cemig Distribution

Total Debt

CEMIG’s total debt at the end of 2008 was R$ 7,345 million, with foreign-denominated debt of R$ 547 million, or 7%, and domestic currency-denominated debt of R$ 6,798 million, or 93%.

Nevertheless, all the parameters that measure the Company’s financial health are at very comfortable levels, such as the net debt/EBITDA ratio, which was 1,8 interest coverage, and EBITDA/interest reached 4,8 times. The policy of financial management seeks to assure sustained growth and value creation for the shareholders by acting in a way to maximize the financial result:

– The level of debt seeks to maximize the benefits of the capital structure;
– Reduction of the weighted average cost of capital;
– Expanded access to the financial markets;
– Combination of reduced costs with longer periods;



  31/12/2008 Short Term Long Term 31/12/2007
Foreign Currency 547 229 318 457
Domestic Currency 6,798 1,051 5,747 7,068
Total Cemig 7,345 1,280 6,065 7,525


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