Bracco Imaging, a company active in the diagnostic imaging sector, has completed a 120 million euro Schuldschein ESG Linked loan with a 5-year maturity. The transaction took place with the support of Cassa Depositi e Prestiti and Unicredit, which acted as sole arranger and ESG structuring agent in the transaction. The loan is intended to support the development of the group's international activities.
"The instrument subscribed has a pricing mechanism linked to the achievement of specific sustainability targets correlated to an increasingly massive use by the Bracco Group's production sites of electricity from renewable sources", reads the note.
The Bracco group is in good company in activating a financing instrument increasingly used by companies and appreciated by the market. In July, other important Italian groups signed ESG-linked loans such as Moncler (400 million with Banca Imi) and Prada (50 million with Crédit Agricole), in the fashion sector. Enel led the way with a 1 billion loan with Unicredit in October 2019.
