With 44 issues in 2021 for a total value of 251 million euros, Unicredit ranks first in the minibond market. This is certified by the eighth report of the Minibond Observatory published by the School of Management of the Milan Polytechnic.
According to the study, in 2021 the minibond industry has recovered to pre-Covid levels, registering a growing success among companies.
As for Unicredit, in the last 5 years the bank has disbursed almost 800 million euros of minibonds in favor of 115 small and medium-sized Italian enterprises. In 2021, in particular, 40% of the emissions managed by the institute led by Andrea Orcel on behalf of companies have incorporated sustainability objectives.
“The ESG theme will be at the center of the next multi-sector basket bond promoted by Unicredit”, underlines the bank. The initiative aims to finance Italian SMEs and mid caps that are committed to an investment plan aimed at sustainability. In detail, it is a minibond with a denomination of between 2 and 25 million euros, with a duration of no less than 6 years. Unicredit will act as arranger, as well as investor alongside leading institutional investors.
Massimiliano Mastalia, head of corporate Italy of UniCredit commented: “We are particularly satisfied with the milestone achieved, which highlights our commitment to mobilizing important resources in favor of Italian SMEs. With the new ESG basket bond, we are putting our ability to innovate financial solutions at the service of corporate objectives in the transition. Especially in this phase of our country's economy, it is important to add tools, such as minibonds, to our traditional activity of supporting the real economy, which encourage SMEs to approach the capital market, diversifying their sources of financing and acquiring greater financial maturity.”
