MINI-BOND, SUPER SUSTAINABILITY
Wednesday 04 November 2020
UniCredit subscribes Italy's first 'green & social' mini-bond, issued by Loccioni
UniCredit has subscribed to a €5 million bond issued through a subsidiary of Loccioni, a company from the Marche region.
Loccioni was founded in 1968 and specialises in developing automatic systems used for measuring the quality of products and industrial processes. The business has over 450 employees and offices in Germany, USA, China, Japan and India.
This is the first sustainable mini-bond issued in Italy by an industrial company for both green and social purposes. The loan is for a duration of 48 months and is guaranteed by the Central Guarantee Fund.
The proceeds of the sustainable mini-bond will be used by Loccioni for investments aimed at further enhancing its growth path through new projects with positive environmental and social impacts and in hi-tech areas ranging from mobility, energy, wellness and the environment.