Bruchou assists in new issue of Genneia’s green notes
Bruchou & Funes de Rioja has assisted Genneia in the issuance of green notes Class XLII, denominated in dollars and payable in pesos at the exchange rate provided in the offering documents (dollar-linked), at a fixed interest rate of 0.00% nominal annual rate.
The issue was made on 16 November, for a nominal value equivalent to US$15,196,669, at an issue price of 122.31%. The Notes will mature 42 months from their issue and settlement date, i.e. on 16 May 2027.
Furthermore, the Notes will repay their principal in 3 (three) quarterly instalments on 16 November 2026 for 33.3% of the principal due, on 16 February 2027 for 33.3% of the principal due and, on the maturity date, i.e. 16 May 2027, for the remaining 33.4% of the principal due.
The Notes are aligned with (i) the four main components of the ICMA (International Capital Market Association) 2018 Green Bond Principles (GBP), (ii) 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, and (iii) the Guide for Social, Green and Sustainable Bonds in the Argentine Stock Exchange and Markets Panel (BYMA). In addition, Genneia has a Second Opinion from Sustainalytics, an external reviewer, confirming that Genneia’s Green Bond Framework achieves impact and is consistent with the four main components of the GBP.
The Notes have been admitted for listing on BYMA’s SVS Panel and authorised for trading on the Electronic Open Market. Moody’s Local AR Risk Rating Agent rated the Notes as “AA-.ar”.
Macro Securities acted as arranger and underwriter; while Banco BBVA Argentina, Banco Santander Argentina, Banco Patagonia, Facimex Valores, Max Capital, and Banco BMA (formerly Banco Itaú Argentina, in the process of changing its name) acted as underwriters, entities also advised by the firm.
Eduardo Segura, Carlos Lovera and Matías Fraga acted as in-house counsels to Genneia.
Bruchou’s team included partner José María Bazán (pictured) and associates Manuel Etchevehere, Pedro María Azumendi and Agustín Caputo.
