Genneiaa leader in renewable energy generation, announced the launch of the reopening of Class XXXV Negotiable Obligations and new Class XXXVII Negotiable Obligations in the local market.
It was indicated that it will be for an amount to be issued as a whole $40 millionexpandable up to $80 million. The new one Negotiable Obligation (ON) This is the company’s seventh instrument rated as a green bond.
The bidding of the Negotiable Obligations in the local market will be carried out the November 9 and the proceeds will be used to finance the construction of the La Elbita I & La Elbita II wind projects in the province of Buenos Aires and the Tocota III solar project in the province of San Juan.
These ONs will enter the control panel Social, Green and Sustainable Bonds (SVS) of ByMAthe local stock exchange that brings together the main players in the capital market, and is aimed at “any investor -individuals or institutions- willing to obtain profitability while contributing to providing environmental solutions”.
These instruments are dollar-linked, that is, they are denominated in dollars and will be paid in pesos at the initial exchange rate.
Other characteristics of ONs are:
The Additional Class XXXV Bond: has a fixed interest rate of 0%, payable quarterly, bullet, maturing in December 2024 and will be tendered by price.
The Class XXXVII ON will have a fixed interest rate to be tendered, payable quarterly, repayable in three equal installments as of month 42, 45 and 48 and maturing in month 48.
It was specified that, in this operation, Banco Macro acts as Organizer, while Macro Securities, Banco Santander, BBVA, Banco Patagonia, BACS, Balanz, Facimex, MAX and TPCG act as Underwriters.
“After leading the placement of Green Bonds in Argentina in 2021, we continue to bet on new investments in renewable energy and productive investment in the country, with projects that help the energy transition,” said Carlos Palazón, CFO of the company.
Source: Ambito
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