It's called Bond delle Reti and has the purpose of financing companies, especially SMEs, which have chosen to join together. Unicredit presented it today in collaboration with the Cassa Depositi e Prestiti, the Central Guarantee Fund, Confidi, various trade associations and local authorities. The bond will be launched in January and will last for six years.
"With this dedicated product we want to support the investments of business networks - commented Gabriele Piccini, country chairman of Unicredit Italy - through an improvement in the rating with the effect of reducing financing costs".
Through the Network Bond, regional development agencies, chambers of commerce and local authorities throughout the country will be able to "finalize their measures intended for business combinations", reads a company release.
The companies that buy it will be able to benefit from an improvement in the rating recognized by the Bank, as well as the guarantees of Confidi and the Central Guarantee Fund and the funds made available by Cassa depositi e prestiti.
