Green bonds are now a reality. A company dedicated to financial inclusion issued the first ” green bond” by a B Corp in the Argentine Securities Market (MAV).
This was done by Trasa, for an amount of $20 million. Last year, they had already issued $30 million through the social tagged PYME Guaranteed bond, the first social bond granted to a B Corp.
The first green bond by a B Corp
The new instrument, with an SVS label, creates the perfect symbiosis between the financial market and corporate sustainability, through the so-called “Sustainable Finance Protocol” of the company.
Trasa, certified as a B Corp since 2021, was in charge of the financial instrument’s management, in terms of its generation, negotiation, and placement in the market.
“Sustainable finance offers a path of growth where companies, through innovation and responsible investment, can lead the transition to a more inclusive and resilient economic model, generating value for both society and the environment,” said Ricky Minicucci, founder of Trasa.
“We are working in that direction, and the issuance of this new instrument is aimed at that goal,” he added.
The first green bond was placed on the Argentine Securities Market.
The Green Market of Instruments “MiPyMEs” consists of granting SVS label for micro, small, and medium-sized companies to obtain eligibility certifications.
This aims to encourage their incorporation and compliance with “green guidelines”, developing corporate sustainability actions and being labeled as such.
“As the market is the meeting point of supply and demand, the fact that there are investors who find credits with this SVS label attractive can help to attract more instrument offerings from other B Corps,” highlighted from the Argentine Securities Market (MAV).
“At MAV, we will always put all possible technology to facilitate the match that results, in this case, in green value bits. Our logic is very clear: minimal transaction costs for the seller and, virtuously, maximum quality and sophistication for the buyer,” they added.
Have you visited our YouTube channel yet? Subscribe now!
