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A new Three-Peak Green Light Bond was added to BYMA's SVS Panel.

- This is the fourth Negotiable Obligation issued by the company to achieve a positive impact on the environment, which is listed on BYMA's SVS Panel.
- With this instrument, the Panel is comprised of 34 negotiable securities.

- This is the fourth Negotiable Obligation issued by the company to achieve a positive impact on the environment, which is listed on BYMA's SVS Panel.
- With this instrument, the Panel is comprised of 34 negotiable securities.

6 min
|
26/9/2022
A new Three-Peak Green Light Bond was added to BYMA's SVS Panel.

BYMA incorporated a new Luz de Tres Picos S.A. Green Bond, Class 4, with which the issuer seeks to generate a positive impact on the environment.

It represents the fourth "Green" issue made by Luz de Tres Picos between 2021 and 2022. It is aligned with ICMA's Green Bond Principles.

Luz de Tres Picos S.A. is an indirect subsidiary of Petroquímica Comodoro Rivadavia S.A. (PCR) and operates the San Jorge and El Mataco Park located in the town of Tornquist, in the south of the Province of Buenos Aires.

The net proceeds from the issuance will be used entirely to finance the construction of the El Mataco III and Vivoratá Wind Farms, linked to the renewable energy sector, a category with clear environmental benefits and within the eligible projects established by ICMA. In addition, this project has the potential to contribute to the Sustainable Development Goals (SDG) No. 7: "Affordable and Clean Energy", and No. 13: "Climate Action".

The issuer undertook to submit, on a regular basis, a report containing updated information on the use of the proceeds from the issuance of the Notes, indicating the amounts allocated during the period covered by such report. In turn, it shall include the detail of the environmental benefits achieved with the Green Project, contemplating a synthetic report on the greenhouse gas emissions reduced or avoided, the renewable energy produced and the capacity of the renewable energy plant built.

It should be noted that since October 2019, the Mercado Abierto Electrónico (MAE) and Bolsas y Mercados Argentinos (BYMA) maintain a mutual collaboration agreement for the Primary Placement of Social, Green and Sustainable Bonds. This ratifies the firm conviction of both organizations to join efforts and resources to collaborate with the National Securities Commission in promoting the development of a transparent, inclusive and sustainable Capital Market that contributes to the economic and social progress of the country.

In this regard, the President of BYMA, Ernesto Allaria, explained: "It is very gratifying to accompany the growing commitment of local issuers to generate more and more positive impact on the environment and society, and that BYMA is the meeting place for investment to be transformed into work and development".

MAE demonstrates and offers its commitment to sustainability by giving dedication and special attention to this project aimed at investing in renewable energies. The purpose is to contribute to the financing and development of this type of initiatives that benefit the environment. "We share this commitment with BYMA, with whom we have an agreement in force for the placement of SVS Bonds with the objective of being part of activities that are favorable to the environment," said Tomás Godino, Executive Director of MAE.

Maestros Godino, Executive Director of MAE.

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