On Thursday, October 3rd, 2024, FONPLATA successfully placed a new 5-year bond issuance in the Swiss market for an amount of CHF 130 million (about USD 153 million), as part of its funding program for the current year. The bond matures in October 2029 and offers an annual coupon of 2.0725%.

This is the second transaction in the Swiss market under the Sustainable Debt Framework (SDF) following the issuance in last April. The proceeds will be used to partially finance water and sanitation projects in Brazil and Uruguay, as well as energy projects in Paraguay. Until the funds are fully allocated, FONPLATA will report, on an annual basis, the social and environmental impacts of the projects financed with this issuance in its Annual Sustainability Report.

It is worth noting that, despite the current geopolitical uncertainty and global volatility, Swiss investors have supported FONPLATA once again. This is the fifth issuance of the Bank in this exclusive market, reserved for issuers with very high credit ratings.

10/03/2024