The Government of the Province of Chaco, in the northeast of Argentina, has issued its first social, green and sustainable bond for an amount in local currency equivalent to approximately 1.5 million dollars. The resources will be allocated directly to infrastructure projects to be executed by the electric company Secheep; with Fiduciaria del Norte as trustee and issuer, for the construction of the San Diego transformer station at 133/33/13.2 KV, to be located in the northern area of the city of Resistencia, with the aim of expanding the distribution network, improving energy efficiency and the quality of life of the Province’s inhabitants.

The bond has a 24-month term, with a 6-month grace period for principal payment, at a Badlar rate + 400 basis points (with a maximum of 120% and a minimum of 80%), priced at a 5,5% discount of its nominal value.

The placement belongs to Bolsas y Mercados Argentinos (ByMA)’s panel of Social, Green and Sustainable Bonds (SVS), complying with the Sustainable Bonds Guidelines, the Principles of Social Bonds and the Principles of Green Bonds published by the International Association of Markets of Capital (ICMA) and the ByMA Guide to Social and Sustainable Green Bonds.