A 20 million euro minibond, with a duration of 72 months and subscribed by Unicredit, with a 70% guarantee from Sace. It was issued by Italpizza, a Modena-based company whose business is precisely the production of frozen pizzas. The resources coming from the bond issue will be used, explained the company itself, to support the ambitious commercial expansion plan of Italpizza which provides for investments for the internationalization of the company and its foreign subsidiaries.
“The financial agreement just signed is, for Italpizza, a great sign of trust received from the institutional partners UniCredit and SACE – commented the company's General Manager Andrea Bondioli -. In our vision, this will allow us to further invest in the internationalization project in a supranational and long-term logic. We currently develop 60% of Italpizza's turnover abroad, but almost exclusively under the brands of the distribution chains. The evolution of the markets – concludes Bondioli – suggests diversifying the distribution models by intensifying, as happened for the Italian market, the distribution of our brand too which is synonymous with high quality products”.
“With this operation, Unicredit confirms its ability to provide businesses with specific financial solutions – added Andrea Burchi, Unicredit Center-North Regional Manager – combining traditional credit support with forms of access to the capital market useful for supporting growth and investments. This is the case of the minibond of Italpizza, a dynamic and innovative entrepreneurial reality that has focused on the international dimension to implement its development strategy – continues Burchi -. Unicredit is at his side. More than ever in this emergency phase, we are determined to promptly guarantee our support in favor of Italian excellence".
“We are always very satisfied to support, thanks to our integrated offer of insurance and financial solutions capable of fully supporting the needs of businesses, a company like Italpizza which, despite the pandemic context, aims at international markets as an opportunity for growth of its business – said Marco Mercurio, Head of the Mid Corporate Central-Northern Segment of SACE -. Allowing Italian companies access to the capital market through alternative debt instruments is an integral part of SACE's strategy and this operation is the confirmation”.
