FMO, the Dutch entrepreneurial development bank, has committed USD 60 mln as an anchor investor in Genneia S.A.’s latest USD 400 mln Global Green Bond due 2033, alongside Proparco, which contributed USD 30 mln. This landmark transaction strengthens Genneia’s position as Argentina’s leading renewable energy company and underscores the 2 European DFIs’ growing role in supporting the country’s energy transition.
The bond, issued at a 7.75% coupon and listed on BYMA’s Green Bond Panel, will amortize in three equal annual installments between 2031 and 2033, with a weighted average life of seven years. Proceeds will refinance existing debt—including Genneia’s 2027 global green bond—and free up cash flow for new renewable energy projects.
“Our participation in Genneia’s green bond demonstrates FMO’s commitment to accelerating Argentina’s energy transition,” said Marnix Monsfort, Director Energy at FMO. “This investment not only strengthens Genneia’s financial resilience but also mobilizes private capital for projects that deliver clean, affordable energy and contribute to global climate goals.”
Djalal Khimdjee, Deputy CEO of Proparco, stated: “This new commitment—made symbolically during COP30—reflects the renewed confidence we place in Genneia, a central partner in our efforts to support the energy transition in Latin America. Together with FMO, we are proud to have contributed to the success of this issuance as anchor investors. This catalytic role is a key lever in supporting companies like Genneia that are structurally transforming their sectors and actively contributing to low-carbon, resilient development.”
“The successful issuance of our Second International Green Bond reaffirms Genneia’s leadership in renewable energy development and our commitment to sustainable financing. The support from FMO and Proparco as anchor investors not only validates our strategy but also reinforces global confidence in Argentina’s energy transition. We are proud to lead this transformation and remain committedto delivering sustainable and affordable energy in our country,” said Carlos Palazón, CFO of Genneia.
By stepping in as an anchor investor, FMO reinforces its long-standing partnership with Genneia and signals confidence in Argentina’s improving macroeconomic environment and renewable energy potential. This transaction also reflects FMO’s strategic commitment to scale up investments in Argentina, following recent upgrades to the country’s sovereign rating and its designation as a strategic market for FMO.
