Argentina raises cap on renewable self-consumption to 12 MW
Sep 04, 2024 12:11 CESTArgentine power company Genneia has raised USD 60 million (EUR 56m) from the issuance of a dollar-linked green bond on the domestic market, attracting enough demand for this instrument to scrap the hard-dollar notes it also offered.
Setting an initial target to raise USD 20 million through two tranches, the company said it received bids for over USD 90 million.
It said it raised the maximum USD-60-million amount from the dollar-linked tranche, featuring a fixed coupon of 2% and maturing in June 2026. It was issued at a price of 103.1% with a yield of 0.4%
The high demand for the dollar-linked bond led to the cancellation of the two-year hard-dollar tranche, Genneia said.
The new green bond will be incorporated into the Panel of Social, Green, and Sustainable Bonds (SVS) of the local stock exchange, ByMA. This is Genneia’s 14th instrument carrying a green label.
As previously announced, Genneia will use the proceeds to promote new solar and wind projects.
(USD 1.0 = EUR 0.934)
Argentina raises cap on renewable self-consumption to 12 MW
Sep 04, 2024 12:11 CESTQueensland Hydro picks contractors for 2-GW pumped storage project
Sep 18, 2024 6:05 CESTEku Energy commissions 40-MW battery site in England
Sep 18, 2024 5:37 CESTArevon closes financing for 251-MW solar project in Indiana
Sep 17, 2024 16:39 CESTIndia launches 500-MW offshore wind tender off Gujarat's coast
Sep 17, 2024 16:07 CESTThrive buys rights to CfD-backed wind project in South Wales
Sep 17, 2024 15:34 CEST