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BYMA incorporates the first Sustainable Bond into the SVS Bond Panel

The first Sustainable Bond was listed on the SVS Panel of BYMA

6 min
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25/2/2021
BYMA incorporates the first Sustainable Bond into the SVS Bond Panel

BYMA, incorporates the first Sustainable Bond in the Panel of Social, Green and Sustainable Bonds (SVS), a development launched in 2019.The bond belongs to Plaza Logística and its funds are entirely destined to the construction of a Triple "A" quality Logistics warehouse, for the development of logistics operations by national or multinational companies. This project falls into the category of "green" or ecological buildings, incorporating the EDGE standard during the construction stage, generating a direct positive environmental impact, and the project has a positive social impact through the generation of employment and socioeconomic progress and empowerment, especially in the segment of young people between 18 and 25 years old and women in the logistics sector, through the new direct and indirect jobs that Plaza Logística, its suppliers, its clients and the operators that operate in the logistics warehouse to be built in the station's park will generate.Since this is sustainable financing, it is included in the categories of eligible projects as green and social projects described by ICMA and adopted by BYMA."It is gratifying to see how BYMA's effort to promote sustainable finance is growing year by year. With the launch of our Social, Green and Sustainable Bond Panel, along with other developments, we have been making an absolute commitment for years to promote green finance and contribute to the Sustainable Development Goals," said Ernesto Allaria, President of BYMA.With this new labeled Marketable Security, BYMA's SVS Bond Panel is composed of 2 Green Bonds, 2 Social Bonds and 1 Sustainable Bond."We are proud to continue leading the way in sustainability in the country. And it is a satisfaction to be able to do it from logistics, a sector that has so much to contribute in mitigating environmental impacts and improving the social situation", explained Eduardo Bastitta, CEO of Plaza Logística.The issuance of Plaza Logística allows us to advance with the compliance of Sustainable Development Goals of the United Nations among them we can highlight: Affordable and Clean Energy, Responsible Consumption and Production, Climate Action, Gender Equality, Decent Work and Economic Growth, and Reducing Inequalities.It is worth noting that, for the first time, the mutual collaboration agreement entered into between BYMA and MAE for the primary placement of SVS Bonds was put into practice. This shows the firm conviction of both markets in joining 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.More information about the SVS Bonds Panel

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