The PYME SOCIAL Negotiable Obligation issued by Trasa is for an amount of $30,000,000 Argentine pesos, it was validated by SMS Latin America in its social nature, Banco Galicia acted as organizer, placement agent and guarantor, while Beccar Varela was the participating legal firm.
Trasa is the first certified B Corp to obtain a Social Labeled Note.
The resources obtained will be used to refinance the installation of 11 automatic teller machines (ATMs) and three Modular Units for Financial Inclusion (UMIFs) Pago24, located in popular neighborhoods of Buenos Aires, the Autonomous City of Buenos Aires, Chaco, Entre Ríos, Misiones and Salta, which so far have positively impacted more than 54,000 families in vulnerable situations, according to the National Registry of Popular Neighborhoods (ReNaBaP).
This Negotiable Obligation will allow Trasa to continue fulfilling its purpose of bringing financial inclusion to more people, contributing to the social development and economic growth of popular neighborhoods, through improved access to financial infrastructure for its inhabitants.
Andrés Guatto, head of Finance at Trasa, says: We are very enthusiastic about the success and excellent reception of our first issuance of a social bond, which allows us to continue with our purpose of financial inclusion. With this financing, we reach 54,000 families through our financial services of cell phone recharges and Sube, bill collection, money withdrawal, among others. We received offers for five times the bid, which demonstrates the support of the market for this type of initiative. It is a milestone for our company; Although it is a path that we began five years ago, this is the first step that we take together. We thank the Beccar Varela studio, Banco Galicia, SMS Latinoamérica and the investors who trusted us: ESG ST Fondos, ST Pymes, FIMA FCI Pymes, MAF Empresas Pymes, Gainvest Pymes, IEB FCI Pyme and Champaqui FCI Pyme.
by CEDOC
