Genneia, the leading renewable energy generation company in Argentina, placed its 11th Green Negotiable Obligation (ON) for an amount equivalent to US$15 million, having received offers for more than US$89 million. This new Negotiable Obligation (ON) will be integrated into ByMA’s Social, Green and Sustainable Bonds (SVS) panel, marking the eleventh inclusion of Genneia’s green bonds in said panel. With this action, the company reinforces its leadership position in the Argentine SVS bond market, where to date it has issued bonds worth close to US$700 million.
The company tendered a Green ON for its portfolio of renewable projects under construction, which meet the following characteristics, and has an AA.ar rating from Moody’s Local:
Class XLII ONs denominated in dollars and payable in pesos at the exchange rate applicable at maturity for US$15 million, fixed interest rate at 0%, issue price of 122.31% (yield of -6%) and maturity in May 2027.
The orders were mostly from private and institutional investors interested in sustainable projects that generate a positive impact on the environment and help mitigate climate change.