Sumatoria from Argentina places a new social bond, consolidating investor interest

Sumatoria is an Argentine non-profit civil association, that promotes the development of impact finance, leading the transition towards a financial inclusion model.

It recently completed its third placement of a social bond, reaffirming the interest and commitment of investors for this type of issuance with a strong social impact. The placement, oversubscribed 11 times, was completed for an amount in local currency equivalent to 0.7 million dollars (at the official exchange rate). The proceeds from the issuance will be allocated to Sumatoria’s working capital, specifically to finance eligible sustainable projects within the framework of its bylaws.