The first Financial Trust labeled as Social Trust was placed in BYMA's SVS Panel.

The amount placed was VN USD 3,000,000, with dollar linked adjustment at 0% rate within the framework of the FECOVITA GLOBAL SECURITIES TRUST PROGRAM authorized for up to VN u$s 30,000,000.

Overbidding was recorded at more than 4 times the amount placed.

BYMA registered the placement of the first Financial Trust labeled as Social in BYMA's Social, Green and Sustainable Bonds Panel (SVS).

It is the FECOVITA I Financial Trust, which becomes the first negotiable security placed and listed as "Social" in said panel of the stock exchange. The purpose of the funds is the financing and refinancing of purchases and delivery of agricultural inputs for the maintenance or improvement of the vineyards of its associated producers and third party winemakers, and of oenological inputs for the production of wines and/or musts.

The project to be financed, being inclusive financing, is included in the categories of social projects described by ICMA (International Capital Market Association) in the Social Bond Principles (SBP) adopted by BYMA: "employment generation and programs designed to prevent and/or alleviate unemployment arising from socio-economic crises, including through the possible effect of SME and micro-finance financing", as well as "access to essential services". And it has a Second Opinion on its alignment to the 4 components: use of funds, evaluation process and selection of projects, management of funds and reporting.

"It is gratifying to see how BYMA's effort to promote sustainable finance at the federal level is growing year by year and today is evidenced by a new marketable security labeled as Social on our SVS Panel", stated Ernesto Allaria, President of BYMA.

The issuance of FECOVITA allows to advance with the fulfillment of Sustainable Development Goals (SDGs) of the United Nations among which stand out: end poverty in all its forms worldwide; promote inclusive and sustainable economic growth, employment and decent work for all; reduce inequality in and between countries.

‍"We are very proud to access the capital market as it will allow us to strengthen the sustainable growth of our producers and cooperatives," concluded Eduardo Sancho, President of FECOVITA.

‍"The FECOVITA social bonds are a milestone that make the creation of financing instruments a reality for those who incorporate sustainability within their corporate objectives," added Carina Fedra Egea, President PORTFOLIO S.A.

One more step towards financial sustainability

‍The launch of BYMA's Social, Green and Sustainable Bond Panel took place in September 2019. It is comprised of marketable securities that aim to contribute to the improvement of the environment and/or social issues. To date, the panel is composed of 4 negotiable obligations of: Plaza Logística, the co-issues of CP Manque and CP Los Olivos, Banco Ciudad de la Provincia de Buenos Aires and Fecovita.

‍More information about Bonos SVS.

About FeCoVitA

The Federation of Argentine Wine Cooperatives (FeCoVitA), is a second-degree cooperative that associates 29 cooperatives, made up of more than 5000 wine producers and winemakers.

These small producers associated in cooperatives to create synergies in winemaking and in the placement of their production in the market.

With the formation of FeCoVitA and the subsequent acquisition of the fractionation and commercialization unit of Bodegas y Viñedos Giol, the producers manage to participate in the national and international market with their production among the leaders in the sector.

With the integration achieved, the company's producers receive better information on the types of wines required by the market and invest in improving the varietal composition of the vineyards based on the needs of the market.

Producers purchase machinery, improve agricultural practices and work methods in order to adapt their productions to FeCoVitA's requirements.

In turn, the associated Cooperatives continuously make very important investments in state-of-the-art technology in order to achieve a better quality wine every day.