Ubi Banca announces the issuance of "solidarity" bond loan (Social Bond) “UBI Community for IRCCS – Mario Negri Institute of Pharmacological Research”, for a total amount of 20 million euros, the proceeds of which will be donated in part as a donation to the Institute itself. The contribution will be used by IRCCS for the study of Alzheimer's disease at a laboratory and clinical level with the dual purpose of identifying risk factors and preventive factors, as well as developing therapies capable of canceling or delaying memory and capacity loss cognitive.
The bonds, issued by UBI Banca, have a minimum subscription denomination of 1.000 euro, duration of 2 years, semi-annual coupon, gross annual rate of 2,1% and can be subscribed from 16th September to 18th October 2013, subject to early termination o extension of the offer period. The bonds are not intended for listing on any regulated market or multilateral trading facility: they will be traded by the placers in direct exchange as part of the proprietary trading service.
"Our scientific research activity is aimed at having a positive effect on some of the pathologies widespread in a modern society and with the demographic characteristics typical of the Italian one", says Silvio Garattini, director of the Mario Negri Institute for Pharmacological Research. “We interpret the support of the UBI Banca Group as recognition of the ability of our researchers to continue pursuing important results, always on the side of the sick”.
“The Third Sector in Italy is a reality of primary importance for civil society and the country's economy and is undergoing strong further development. It is important for the UBI Banca Group to be an integral part of a modern and changing society, also through support for institutions such as the Mario Negri Institute, which stand out for their ability to transform economic resources into projects with a high social impact", he comments Rossella Leidi, Chief Business Officer of UBI Banca”, comments Rossella Leidi, Chief Business Officer of UBI Banca.
The introduction of Social Bonds in Italy is part of the renewed commercial strategy of the UBI Banca Group to support the Third Sector - non-profit, along a path of growth, social innovation and support for projects with a high social impact promoted by public and private entities in the territories of reference, launched in the last quarter of 2011 through the launch of UBI Community, a platform of services and tools dedicated, inter alia, to non-profit organizations and religious institutions. UBI Community is an innovative service model which aims to offer timely and effective responses to the heterogeneous needs of the non-profit through products specially designed to provide banking and credit support for the day-to-day management of the business, planning and investments.
From April 2012 to today, the UBI Banca Group has placed 31 Social Bonds for a total value of approximately €324m, which have made it possible to donate contributions by way of donation aimed at supporting initiatives of social interest for approximately €1,6m million euros. Most of these bonds were subscribed well in advance of the closing date of the related offer period, testifying to the common purpose between the UBI Banca Group and its reference territories.
