Asociación Civil Sumatoria para una Nueva Economía’s AR$60 Million Sustainable Bond Offering

Beccar Varela advised on the offering.

Asociación Civil Sumatoria para una Nueva Economía (Sumatoria) carried out the first sustainable bond issuance with a gender perspective in the local capital market. Class II notes were issued in two series under a specific SME regime, for a total nominal amount of AR$60 million maturing on August 24th, 2023.

Sumatoria acted as the issuer whilst Banco Comafi S.A. and Banco de Galicia y Buenos Aires S.A.U. acted as organizers, placement agents and guarantee entities.

All parties involved turned to Beccar Varela’s team, led by Luciana Denegri (Picture), and also comprised of María Victoria Pavani, María Inés Cappelletti, Julián Ojeda, María Belén Tschudy, and Tomás Bautista Cappellini.

Involved fees earner: María Inés Cappelletti – Beccar Varela; Luciana Denegri – Beccar Varela; Julián Ojeda – Beccar Varela; Maria Victoria Pavani – Beccar Varela;

Law Firms: Beccar Varela;

Clients: Asociación Civil Sumatoria para una Nueva Economía; Banco Comafi S.A.; Banco de Galicia y Buenos Aires S.A.;