Cassa Depositi e Prestiti and UniCredit inaugurate the first with three wineries Basket Bond of the supply chain, a 200 million euro program launched to finance the development plans in Italy and abroad of companies belonging to the strategic sectors of the Italian economy.
The three companies involved are one from Campania and two from Veneto: Feudi di San Gregorio Agricultural Society, Masi Agricola, Pasqua Vigneti & Cantine. The three Italian companies individually issued minibonds – at a fixed rate and with a duration of seven years – raising a total of 21 million euros (of which 12 are related to the issue of Masi) to finance their respective investment and development plans. on the national and international market. Cdp and UniCredit, acting as anchor investor of the transaction, each subscribed 50% of the total amount of these first issues of the program.
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This closing with a focus on wine sector it will be the first of other potential issues that could be focused on other strategic sectors of the Italian economy.
“We are proud to announce this operation, which represents a further example of Cdp’s financial innovation capacity and which allows us to support the growth of companies through specific supply chain programs in a sector that is an ambassador of Made in Italy excellence in the world – said Paolo Calcagnini, deputy general manager of Cdp -. In addition, the operation has favored access to the capital market of companies usually not used to this type of instruments and strengthened our collaboration with UniCredit following the signing of the July 2020 protocol and which has already seen us sign a loan of one billion euros in favor of companies particularly affected by the Covid-19 emergency ».
Francesco Giordano, CEO of UniCredit Commercial Banking Western Europe, was also satisfied. «The supply chain of companies in the wine sector is one of the best representatives in the world of Italian production excellence and at the same time among the most impacted by the current emergency phase – he said -. We mobilize new resources to support working capital of companies and stimulate their investments. The tool allows companies in the sector to gain advantageous access to the capital market, drawing on funding sources complementary to the banking channel that can be crucial for strengthening value chains, supporting innovation and promoting diversification in terms of products. outlet markets and sales channels ».