On March 8th, 2024, Genneia S.A. (“Genneia”) issued (i) the Class XLIII Green Notes denominated and payable in U.S. Dollars at a fixed annual nominal interest rate of 6.25%, for a nominal value equivalent to US$20,697,951 (American Dollars twenty million six hundred ninety-seven thousand nine hundred fifty-one) (the “Class XLIII Notes”) and (ii) the Class XLIV Green Notes denominated in U.S. Dollars and payable in Argentine Pesos at the exchange rate established in the offering documents (dollar-linked), at a fixed annual nominal interest rate of 5.00%, for a nominal value equivalent to US$12,502,792 (American dollars twelve million five hundred two thousand seven hundred ninety-two) (the “Class XLIV Notes”, and together with the Class XLIII Notes, the “Notes”).
The Notes comply with (i) the four main components of the ICMA's (International Capital Market Association) Green Bond Principles 2018 (GBP), (ii) the Guidelines for the Issuance of Social, Green and Sustainable Negotiable Securities in Argentina, as set forth in the Rules of the Argentine Securities and Exchange Commission, and (iii) the Guide to Social, Green and Sustainable Bonds at the Bolsas y Mercados Argentinos S.A. Panel (“BYMA”). In addition, Genneia has a Second Party Opinion issued by Sustainalytics, an external reviewer, confirming that the Genneia’s Green Bond Framework is impactful and aligns with the four main components of the GBP.
The Notes Class XLIII will mature on March 8th, 2027 (the “Maturity Date”).
The Notes Class XLIV will mature on March 8th, 2026 (the “Maturity Date”).
The Notes will amortize their principal in full on the Date Maturity of the Notes Class XLIII and on the Date Maturity of the Notes Class XLIV.
The Notes have been admitted for listing in the SVS Panel of BYMA, and authorized for its negotiation in the Mercado Abierto Electrónico S.A.
Moody´s Local AR Agente de Calificación de Riesgo S.A, locally rated the Notes “AA-.ar”.
Under this issuance, (i) Macro Securities S.A.U. acted as arranger and placement agent; and (ii) as placement agents, Balanz Capital Valores S.A.U., BACS Banco de Crédito y Securitización S.A., Banco BBVA Argentina S.A., Bando de Galicia y Buenos Aires S.A.U. acted as placement agents, Banco de la Provincia de Buenos Aires, Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., Banco Patagonia S.A., Banco Santander Argentina S.A., Facimex Valores S.A., Max Capital S.A., Petrini Valores S.A., and TPCG Valores S.A.U. (collectively (i) and (ii), the “Placement Agents”).
Issuer Counsel:
Bruchou & Funes de Rioja: counseled Genneia through a team led by partner José María Bazán, and assisted by associates Manuel Etchevehere, Pedro María Azumendi and Agustin Caputo.
In-house counsel: Lawyers Eduardo Segura, Carlos Lovera and Matías Fraga advised Genneia.
Legal Advisors to the Placement Agents:
Pérez Alati, Grondona, Benites & Arntsen: advised the Placement Agents through the team led by partner Diego Serrano Redonnet, the counselor Alejo Muñoz de Toro and associates Nahuel Perez de Villarreal and Juan Ignacio Rodriguez Goñi.