PRESS RELEASE from CNV
September 23, 2022
(Machine translation)
The president of the National Securities Commission (CNV), Sebastián Negri, together with the directors Matías Isasa and Mónica Erpen, visited the Atucha nuclear complex, after the approval of the issuance of the NASA IV solidarity financial and public infrastructure trust destined to finance works that prolong the life of Atucha I for 25 years.
“We are facing a great infrastructure work such as the extension of the useful life of the first nuclear power plant in Latin America, put into operation in 1974, mostly based on local technology,” said Negri.
The head of the CNV added that “it implies financing for five years of 600 million dollars, which will generate 2,000 jobs, at the request of a State policy that places Argentina among the few countries in the world with this technology. clean and suitable human resources to operate it”.
“The capital market, once again, comes to collaborate so that this work is carried out; and it is the objective of our management to channel more real economy projects like this one, which generate employment and development, so that they find financing in the private sector, institutional investors and the ANSES Sustainability Guarantee Fund”, he emphasized.
Also part of the entourage that traveled to Lima, province of Buenos Aires, were the manager and deputy manager of Financial Trusts, Silvina Dimateo and Cecilia Descalzo, respectively, as well as the manager of International Affairs, Anahí Alujas.
“The work is strategic because energy and its self-sufficiency are synonymous with sovereignty. In addition, nuclear energy is today one of the best options because it is absolutely clean and contributes to the reduction of carbon dioxide emissions into the atmosphere”, said the president of Nucleoeléctrica Argentina SA, José Luis Antúnez.
For his part, the director of the state company, Alejandro Estévez, stressed that the extension of a nuclear power plant “preserves the professional staff of 600 people and demands qualified national suppliers for the construction and manufacture of its components.”
The financial trust, approved by the CNV board on a conditional basis, has Bice Fideicomisos as trustee and Nucleoeléctrica Argentina as trustee, while the issue is rated by Fix SCR.
The securities of the fiduciary debt will be issued within the framework of the special regimes for the Promotion of Public Infrastructure and the Solidarity Financial Trust Programs for Assistance to the National, Provincial and/or Municipal Public Sector, approved by the agency in 2020.
Solidarity FF is aligned with the five key components of the Principles of Bonds Linked to Sustainability contained in the Guide to Bonds Linked to Sustainability.
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