VS Bonds
BYMA has developed a regulation and a guide for the Issuance and Listing of Sustainability-Linked Bonds (VS). This marks the establishment of the first such panel in the Argentine market, comprising both Corporate and Government Bonds.
BYMA will provide visibility to these VS Bonds on a specific panel. Subsequently, they will be traded through the Market's existing systems for other marketable securities.
This initiative, a joint effort by BYMA and the Buenos Aires Stock Exchange, seeks to offer the market a new form of financing. It aims to encourage companies and entities to contribute to sustainability across environmental, social, and/or governance (ESG) dimensions.
Features of VS Bonds
Sustainability-Linked Bonds are bonds whose financial and structural characteristics may vary depending on whether the issuer achieves certain sustainability targets within a predefined timeline. Unlike SVS bonds, the proceeds of the issue are not linked to eligible social and/or green projects, but to general purposes of the issuer.
The issuers explicitly commit to future improvements in their sustainability performance within a previously delimited timeline. Targets are measured through key performance indicators ("KPIs") and assessed against established sustainability performance targets ("SPTs").
The requirements set forth in the Listing Regulations and, additionally, those required in the Sustainability-Linked Bonds Regulations must be met. In turn, an External Review confirming the alignment of the Bond with ICMA's Sustainability-Linked Bond Principles must be in place.
List of bonds issued
USD 7.297.608
24 meses
USD 15.191.230
24 meses
USD 24.728.949
24 meses
USD 28.209.949
22 meses
USD 11.981.463
36 meses
USD 6.500.000
30 meses
USD 37.810.860
24 meses (AMORTIZADO)
USD 12.189.140
8 meses (AMORTIZADO)
USD 15.000.000
36 meses
USD 20.000.000
24 meses (AMORTIZADO)
USD 3.606.129
24 meses
USD 52.292.124
24 meses
USD 33.600.000
20 meses
Learn more about ESG products
BYMA promotes sustainable finance in the Argentine market through its developments and products, while also undertaking sustainable actions internally and externally.
Corporate Governance Panel
Comprising BYMA-listed issuers who voluntarily adopt Corporate Governance practices.
Sustainability Index
Developed in partnership with the IDB, LSEG Data & Analytics and the Earth Institute at Columbia University.
Social, Green and Sustainable Bonds Panel
Comprising corporate bonds whose proceeds are exclusively designated for financing or refinancing projects with social and environmental benefits.
Voluntary Carbon Market
This market drives the transition to a low-carbon economy by incentivizing investments in clean technologies, renewable energy projects, and other initiatives.
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