Argentina’s northwestern province of La Rioja has raised $100m through seven-year green bonds in international markets, to aid financing of the expansion of the Arauco wind farm owned by provincial power company Parque Arauco SAPEM.

The issue, which will pay six-monthly coupons of at 9.75%, follows a $200m Green Bond issue last year.

Of the $300m that has been raised by the province in Green Bonds since 2017, $230m will be used to finance the expansion of 50.4MW