Buenos Aires, December 2022. Last December 7, Asociación Civil Sumatoria para una Nueva Economía ("Sumatoria") carried out the issuance of its third class of notes, the proceeds of which will be destined to the financing of microcredits. The Class III Notes were issued in a single series under a specific SME regime, for a nominal amount of AR$120,000,000, maturing on December 7, 2024, with an interest rate equivalent to the Private BADLAR rate (the "Notes") and were oversubscribed by 11 times the amount issued.
The Notes are aligned with the International Capital Market Association (ICMA) Sustainable Bond Principles 2021 (SBG) and have been issued in accordance with the "Guidelines for the Issuance of Social, Green and Sustainable Securities in Argentina" contained in the CNV Rules (N.T. 2013 and mod) (the "Guidelines"). The evaluation of the Notes as a Sustainable Bond was carried out by San Martín, Suarez y Asociados, who has issued a Second Opinion Report in its capacity as independent verifier.
In compliance with the provisions of the Guidelines, Sumatoria will allocate the total net proceeds from the issuance of the Notes to grant financing to Sustainable Projects.
The Notes were admitted for listing in Bolsas y Mercados Argentinos S.A. in the SVS Panel and authorized for trading in the Mercado Abierto Electrónico S.A.
In this issuance, Sumatoria acted as issuer, while Banco Comafi S.A., Banco de Galicia y Buenos Aires S.A.U. and Banco Santander Argentina S.A. acted as organizers, placement agents and guarantors.
On this occasion, as counter-guaranty in favor of the guarantors, Sumatoria has assigned to the latter certain collection rights, guaranteed by a syndicate of SGRs. Finally, TMF Trust Company (Argentina) S.A., has assumed the role of agent of the aforementioned counter-guaranty.
Sumatoria, Banco Comafi S.A., Banco de Galicia y Buenos Aires S.A.U. and TMF Trust Company (Argentina) S.A. have been advised by Beccar Varela's team, led by Luciana Denegri, with the participation of María Victoria Pavani, Julián Ojeda, María Belén Tschudy and Tomás Bautista Cappellini.
Banco Santander Argentina S.A. has been advised by Pérez Alati, Grondona, Benites & Arntsen (PAGBAM), led by Diego Serrano Redonnet, with the participation of Nicolás Aberastury and Adriana Tucci.
