Argentina's Genneia offers green bonds to fund new wind, solar

Argentine power company Genneia has scheduled the launch of green bonds for March 6, seeking to raise USD 10 million (EUR 9.18m), with the possibility of increasing the amount to USD 50 million.

The company said it would use the proceeds to finance the construction of new wind and solar projects, having recently celebrated reaching 1 GW of installed renewables capacity in the native country.

The notes in this tender are rated AA.ar by Moody’s Local. One series will be denominated and payable in US dollars, offered at a fixed annual interest rate and maturing in 36 months. The other series will be denominated in US dollars and payable in pesos. It comes with a fixed annual interest rate and a maturity of 24 months.

The transaction is coordinated by Macro Securities. Macro Securities, Banco Santander, Banco BBVA, Banco Patagonia, Balanz, Banco Galicia, Banco Provincia, BACS, BST, Banco Hipotecario, Petrini Valores, TPGC Valores, Facimex and MAX Capital serve as placement agents.

(USD 1.0 = EUR 0.918)

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