Support access to credit, internationalization and projects related to the Pnrr of smaller companies. These are the goals of thebond issue of 150 million euro fully subscribed by Cassa Depositi e Prestiti in favour of Banca Popolare di Sondrio. The resources, explains a note, will allow the SMEs and Mid-Caps supported by the Bank to be able to meet the liquidity needs associated with inflation and geopolitical turmoil.
The initiative represents a first concrete collaboration between CDP and BPS, in order to support the Italian entrepreneurial fabric by pursuing the objectives of "decent work and economic growth" of the UN Agenda 2030.
Furthermore, the initiative is consistent with the 2022-2024 Strategic Plan of Cdp that with the Industrial Plan 2022-2025 of Banca Popolare di Sondrio, especially as regards innovation and internationalization of companies.
CDP and Popolare di Sondrio: maximum amount and duration of the loan
Each loan granted by Sondrio to Italian companies thanks to the resources of Cdp will be able to have a maximum amount of 12,5 million, with a minimum duration not less than two years. Furthermore, the beneficiary companies will also be able to invest in the purchase of machinery, software and digital technologies, as well as start new interventions on production structures for energy efficiency, also through the installation of plants for the production of energy from renewable sources. Finally, at least 51% of the Cassa's funding will be made available by Banca Popolare di Sondrio in favor of SMEs.
The bond loan was issued as part of the Euro Medium Term Notes Program (EMTN) of five billion euro. Unicredit Bank AG assisted Banca Popolare di Sondrio in the transaction.
