FundraiseJun 25, 2026, 16:32 UTC

Genneia raises $400M in second international green notes issuance

What's the deal? Genneia, Argentina's leading renewable energy developer and generator, issued $400 million in green notes on December 2, 2025.

The dollar-denominated Class XLIX notes carry a fixed annual rate of 7.750% and mature on December 2, 2033.

J.P. Morgan, Santander US Capital Markets, BBVA Securities, and Balanz Capital UK led the international placement. Banco Santander Argentina, Balanz Capital Valores, Macro Securities, Banco CMF, and Bull Market Brokers acted as local placement agents.

Why now? The issuance marks a milestone: it is the second international corporate offering listed on BYMA's SVS sustainability panel, after Genneia's own Class XXXI notes.

The notes were issued under Rule 144A and Regulation S of the US Securities Act, opening the deal to international investors.

They align with the International Capital Market Association's 2021 Green Bond Principles, plus Argentine and BYMA standards for green and sustainable securities.

What could go wrong? Argentine issuers face currency volatility and country risk, which can push up borrowing costs and unsettle foreign investors.

An eight-year maturity at 7.750% locks in financing, but global rate moves and shifting appetite for emerging-market debt could test future raises.

The signal: As a late-stage developer billing itself as Argentina's leading provider of sustainable energy solutions, Genneia is leaning on green-labelled debt to fund its growth, repeating the SVS-panel formula it pioneered with its Class XXXI notes. Anchoring an eight-year, $400 million placement with global banks signals that international investors remain willing to extend long-dated capital to Argentine clean energy despite the country's currency and country risk.