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BYMA incorporates new Negotiable Obligations in the SVS Bond Panel

The placement of the series was made through BYMA Primarias, the placement system of Bolsas y Mercados Argentinos, receiving more than 2,000 bids.

The series was placed through BYMA Primarias, the placement system of Bolsas y Mercados Argentinos, receiving more than 2,000 bids.

6 min
|
13/8/2021
BYMA incorporates new Negotiable Obligations in the SVS Bond Panel

BYMA incorporates new Negotiable Obligations labeled as green to its Panel of Social, Green and Sustainable Bonds, the Panel integrated by negotiable securities that entail a positive environmental and/or social impact.The issuer is Genneia S.A. and the use of the proceeds will be used to finance or refinance the development, construction, acquisition and maintenance of wind, solar, biomass, small hydropower and green hydrogen generation projects, as well as battery storage technologies for renewable energies.The issuer has a Second Green Bond Framework Opinion prepared by an External Reviewer and is consistent with the four components of ICMA's Green Bond Principles: Resource Use, Renewable Energy in this case; Project Evaluation and Selection; Resource Stewardship; and Annual Reporting to complete resource allocation which will include information on amounts allocated to eligible projects by category, project descriptions, and outstanding unallocated amounts. Additionally, the company intends to include annual impact reports that will provide information on key indicators such as annual electricity production (GWh) and annual GHG emissions avoided."It is gratifying to see that BYMA's effort to promote sustainable finance is steadily growing. We continue to strengthen the commitment to sustainability and the contribution to the Sustainable Development Goals in the Argentine ecosystem, added BYMA's president, Ernesto Allaria. "We are proud to join BYMA's Social, Green and Sustainable Bond (SVS) panel and present investors with an ON that allows them to participate in the energy transition and support projects that provide environmental solutions. Genneia's renewable energy operations are mainly reflected in the high impact and contribution to the SDGs, through the Affordable and Clean Energy Goal #7 and Climate Action Goal #13", expresses Bernardo Andrews , CEO of Genneia.More information about the SVS Bond Panel

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