A yield of 7.75%
Genneia, one of Argentina’s leading renewable energy companies and the country’s largest generator of wind power, moved into a new stage of its sustainable financing strategy with an international issuance that once again drew strong market interest. In a context of growing competition for capital for energy projects, the company expanded its presence in the green bond segment and strengthened its access to long-term financing, a key factor for continuing wind and solar development in Argentina.
The company announced the placement of its Class XLIX International Green Bond (Obligación Negociable) for $400 million, well above its initial $300 million target, with total offers exceeding $860 million. Genneia said the transaction marked a new milestone in its green financing strategy and reaffirmed its commitment to renewable energy development and to strengthening the sustainable finance market.
The bond was issued abroad, denominated and payable in U.S. dollars, with a fixed rate of 7.75 percent, semiannual interest payments and an 8 percent yield. It carries an eight-year maturity with amortization in three consecutive annual installments of 33 percent, 33 percent and 34 percent. The placement included both local and international underwriters: Santander, JP Morgan, BBVA, Balanz, Banco CMF SA, Macro Securities and Bull Markets Brokers.
According to the company, the proceeds will help optimize its maturity profile, bolster reinvestment capacity and fund new wind and solar projects. Genneia also noted that the issuance strengthens its position as Argentina’s largest green bond issuer, with more than $1.28 billion placed to date.
The bond was structured under the company’s Green Financing Framework, supported by a favorable opinion from Sustainalytics and aligned with ICMA’s Green Bond Principles. It also complies with the standards of Argentina’s National Securities Commission and BYMA’s SVS Bond Guide.
Genneia said that with this new issuance, it reaffirmed its leadership in the domestic market and its commitment to the energy transition, promoting initiatives aimed at a cleaner and more sustainable future.