Argentina’s Genneia makes $50.8m notes issuance

Argentine energy company Genneia has made a notes issuance for a nominal value equivalent to $50,801,537.

Posté le jeudi, décembre 1er 2022
Argentina’s Genneia makes $50.8m notes issuance

Argentine energy company Genneia has made a notes issuance for a nominal value equivalent to $50,801,537.

The Class XXXV additional notes are denominated in US dollars and subscribed and payable in Argentine pesos at the exchange rate established in the offering documents, as are the Class XXXVII notes.

The notes comply with the four main components of the International Capital Market Association’s (ICMA ) green bond principles 2018 and with the guidelines for the issuance of social, green and sustainable negotiable securities in Argentina, as set forth in the rules of the National Securities Commission. They also comply with the guide to social, green and sustainable bonds at the Bolsas y Mercados Argentinos S.A.

In addition, Genneia has a second party opinion issued by Sustainalytics, an external reviewer, confirming that Genneia’s green bond framework is impactful and aligns with the four main components of the compliance.

The Class XXXV additional notes mature on December 24th, 2024. Since the unamortized capital of the Class XXXV notes will accrue interest at a fixed interest rate of 0.00%, no interest will be paid, and they will amortize the capital in one single instalment on the due date.

The Class XXXVII notes will mature on November 11th, 2026. Since the unamortized capital of the Class XXXV Notes will accrue interest at a fixed interest rate of 0.00%, no interest will be paid, and they will amortize the capital in three quarterly instalments starting May 11th, 2026.

Both classes of notes have been admitted for listing in the SVS Panel of BYMA, and authorized for their negotiation in the Mercado Abierto Electrónico S.A.

Banco Macro S.A. acted as arrangement agent; and Macro Securities S.A.U., BACS Banco de Crédito y Securitización S.A., Balanz Valores S.A.U., Banco BBVA Argentina S.A., Banco Hipotecario S.A., Banco Patagonia S.A., Banco Santander Argentina S.A., Facimex Valores S.A., Max Capital S.A. and TPCG Valores S.A.U. acted as placement agents.

Argentine law firm  Bruchou & Funes de Rioja counseled Genneia and the placement agents with a team led by partner José María Bazán, and associates Manuel Etchevehere and Branko Serventich.

Genneia’s in-house counsel was Eduardo Segura, Carlos Lovera and Matías Julian Fraga.