Argentine energy company Genneia has announced the issuance of its 14th and 15th Green Negotiable Obligations (ON) to finance new solar and wind projects. The company aims to raise $20 million, with the possibility of expanding to $60 million.
According to a statement from Genneia, the securities to be tendered today have received an AA.ar rating from Moody’s Local AR and are detailed as follows:
- ON Class XLV: Hard dollar, with a 100% fixed price and rate. The term is 36 months with quarterly payments starting six months after issuance.
- ON Class XLVI: Dollar-linked, with a fixed coupon of 2% and price tendered. The term is 24 months with quarterly interest payments.
Macro Securities is coordinating the operation, while the placement agents include Macro Securities SAU, BACS Banco de Crédito y Securitización SA, Balanz Capital Valores SAU, Banco BBVA Argentina SA, Banco de la Provincia de Buenos Aires, Banco de Servicios y Transacciones SA, Banco Hipotecario SA, Banco Mariva SA, Banco Patagonia SA, Banco Santander Argentina SA, Facimex Valores SA, Invertir en Bolsa SA, Parakeet Capital SA, Banco Supervielle SA, and TPCG Valores SAU.
This announcement follows Genneia’s successful placement of two Green Negotiable Obligations in March, which raised $33 million, exceeding the initial target of $10 million.
In November of last year, the energy company achieved the sale of the 11th Green Negotiable obligations for a total of 15 Million dollars.
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