Supporting business investment plans with alternative finance tools, strengthening their competitiveness in Italy and abroad.
This is the main objective of the new Basket Bond Italia program worth 150 million presented at Palazzo Mezzanotte by the European Investment Bank (EIB), Cassa Depositi e Prestiti (Cdp), Mediocredito Centrale (Mcc), Banca Finint, Assindustria Venetocentro and Elite. .
Netcom Engineering (company specialized in engineering-IT services) and Patrone and Mongiello (company specialized in cold deformation of steel sheets for the automotive industry).
Each of these companies has issued minibonds, all with a duration of six years including pre-amortization, gathering useful resources to support their respective investment and development plans in Italy and abroad.
The underwriting of these minibonds took place through a special purpose vehicle - Special Purpose Vehicle (SPV) - which in turn issued shares underwritten by CDP and MCC, in equal shares.
The new program, which will end at the end of 2022, benefits from the guarantee with resources of the Pan-European Guarantee Fund (EGF) managed by the European Investment Bank Group, an integral part of the package of measures to respond to Covid approved by the EU in 2020 and dedicated to counter the economic difficulties and production slowdowns caused by the pandemic.
The initiative is promoted by Banca Finint, in the role of arranger in cooperation with Assindustria Venetocentro, and Elite.
CDP and MCC invest in minibonds issued by companies that intend to finance their growth using an alternative channel to the traditional credit channel.
The instrument is characterized by a longer duration than the maturities generally offered by traditional channels and by reduced interest rates thanks also to the support of the Feg guarantee.
Physical event in Milan this link
Digital event on Zoom this link
In collaboration with:
Cassa Depositi e Prestiti