Loan Agency Services, with a team composed by the Principal Consultant Domitilla de Nucci, assisted by the Analyst Anna Maria Pisano and Giuseppe Guerriero, acts as Paying Agent, Representative of the Noteholders and Monitoring Agent of the new ESG Basket Bond program launched, for the first time in Italy, by UniCredit and Cassa Depositi e Prestiti (CDP), assisted by the guarantee instruments of the European Investment Bank (EIB) to support the investments of SMEs and Mid-Caps, active in strategic sectors of the Italian economy.
The program started with an initial issuance tranche of 48 million euros in favor of eight Italian companies: Comat Servizi Energetici, Fitt, Lariotex, G.D.L., Ferretto Group, Autuori Group Logistics, Studio Progettazioni Industriali, and Compagnia Manifatture Tessili.
The subscription of the minibond took place through a Special Purpose Vehicle (SPV), which in turn issued notes subscribed by UniCredit and CDP as institutional investors. The notes issued by the SPV are centralized and dematerialized in Euronext Securities.
The ESG Basket Bond program also benefits from the guarantee of the European Guarantee Fund (EGF) managed by the European Investment Bank (EIB) Group.
The issuing companies have committed to improving their sustainability score assigned by an external company, Cerved Rating Agency. UniCredit acted as the Arranger and Sustainability Coordinator in the activities necessary for the initial ESG scoring assignment and the identification of an improvement target, in line with European guidelines and best practices in the sustainable finance market.
In the transaction Master Gardant S.p.A. acted as Servicer, Corporate Servicer, Calculation Agent and EIB Guarantee Monitoring Agent. In the context of the transaction, the investors were assisted by Legance Law Firm.