Genneia rolls out more green bonds

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Get the news on sustainable finance & investment in Latin America Email * Company * Δ NEWSLETTER DELIVERED MONTHLY THANKS TO KEEP READING: FLASH SALE THIS WEEK ONLY 50% off with the code FLASH50 Argentine power generation company Genneia aims to raise up to $60 million in a sale of three-year green bonds in the local market on Thursday to finance the construction of two solar power parks and to refinance debt. The company will offer an initial $20 million worth of the notes at the auction and increase the amount based on demand. The US dollar-denominated bonds will pay a fixed rate of interest to be set during the bidding process, it said Monday in a securities filing. The bonds have been classified as green because 100% of the proceeds will go toward investments in renewable power projects, helping to reduce greenhouse gas emissions, Genneia said. The projects are the 180 MW Anchoris and 150 MW San Rafael solar plants in the western province of Mendoza. The proceeds may also be used for paying down an existing bond for green projects, it added. The bond has $11 million outstanding and matures July 14. ADVERTISEMENT IDB Invest – Protecting the Amazon Region with AI, Algorithms and Data Innovative digital tools can support climate action, mitigate biodiversity loss, and optimize natural resource management. Macro Securities is the deal manager and will provide bookrunning services along with Santander, BACS, Banco Patagonia, Banco Provincia, BBVA, Cocos Capital, TPCG, Facimex, Supervielle, Invertironline, Balanz and Latin Securities. In October last year, Genneia raised $48.3 million in the sale of four-year green bonds to finance solar projects and went on a month later to take out a $100 million syndicated loan from three development agencies. More Sustainable Finance & Investment News FREE TO READ THANKS TO BBVA México signs new SLL BBVA Perú prints gender bonds Aegea gets fresh BNDES financing GDPar to price second Brazil bond Aguas Andinas returns to Chile market with ESG bond CABEI plans sterling bond debut CCR secures renewables supply Nafin to sell more social bonds GeoPark, ATP Towers, Ambipar print global bonds IFC supports BV solar financing Ambipar, Interbank, Buenaventura line up fresh issuance BRK lands financing for Maranhão expansion Load more posts Something went wrong. Please refresh the page and/or try again.