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3mo ago

Minas Argentinas Sets Feb. 12 Dollar Bond Debut to Fund 51‑MWp San Luis Solar Plant

Strong local credit marks underpin the miner’s first step into Argentina’s capital market.

Minas Argentinas, perteneciente a Aisa Group, emitirá una Obligación Negociable (ON) esta semana.
Con esta emisión, Minas Argentinas se busca diversificar sus fuentes de financiamiento, apalancar su crecimiento en deuda sostenible y consolidar su posicionamiento tanto en el sector minero como en el de energías renovables.
El Parque Solar Calicanto se emplazará en un terreno de 71,9 hectáreas en la provincia de San Luis

Overview

  • The company will offer a Class 1 negotiable obligation on Feb. 12 for up to US$12 million, with the program expandable to US$22 million in future placements.
  • The note will be dollar‑denominated, subscribed and paid in Argentina with a fixed annual rate to be auctioned and a 12‑month maturity.
  • Proceeds will partially finance Parque Solar Calicanto, a 51 MWp photovoltaic project in Belgrano, San Luis, with a total budget of US$36.8 million.
  • The project has executed US$10.5 million and procured more than 80,000 panels and equipment, with mounting slated for March and start‑up expected before the end of 2026, and over half of output pre‑contracted.
  • Balanz Capital Valores SAU and Inviu SAU will arrange the placement, Fix SCR affirmed A+(arg) with Stable Outlook and assigned A1(arg) to the short‑term issue, and the move aligns with a RIGI‑backed investment of over US$650 million at Gualcamayo.