BYMA launches a Social, Green and Sustainable Bond Panel

BYMA launches the first Green, Social and Sustainable Bonds (SVS) panel in the Argentine market. It will be made up of Negotiable Securities that aim to contribute to the improvement of the environment and/or social issues.

The issuers of this type of bonds must comply with the requirements established in the Listing Regulation and, additionally, with those demanded in the Green, Social and Sustainable Bond Panel Regulation.The funds will be applied exclusively to finance or refinance, in part or in full, eligible green project categories such as renewable energy, biodiversity conservation, among others, oreligible social categories such as affordable basic infrastructure (drinking water, sewerage, sanitation), access to essential services (health, healthcare, finance and financial services) and employment generation. Sustainable bonds are a combination of both.Issuers will be required to have an "External Review" which provides credibility and gives certainty to investors about the environmental and/or social impacts of the projects. In addition, issuers will be required to develop reports with certain periodicity related to the use of funds and/or the degree of compliance with the benefits proposed.In this regard, the president of BYMA, Ernesto Allaria, explained: "This panel is in line with initiatives of the most developed Stock Exchanges in the world, the guidelines of the National Securities Commission and international standards. Its purpose is to promote green finance and contribute to the Sustainable Development Goals."The trading of this instrument will be carried out in the existing trading systems for the respective marketable securities. Finally, Allaria added: "In December we launched our Corporate Governance panel and a Sustainability Index focused on equities, now we have created the first sustainable product for fixed income, which allows us to expand the scope of this commitment exponentially".