UniCredit's 100 minibonds in Italy

We were very confident, but we did not expect such a positive response in a relatively new market and from a customer segment not used to capital market operations. The result is even more impressive if we consider that the last year and a half has been characterised by the emergency triggered by the pandemic, which has led many companies to freeze investments.

There are several, such as long-term funding and having a source of financing complementary to bank loans. Or familiarising yourself with the dynamics and rules of capital markets in what we have called a capital market training ground for minibonds subscribed by us, rather than accessing them directly through the Basket Bond structure. Lastly, to benefit from an important return in terms of image, thanks to the message of solidity that the company conveys to the market.

Basket Bonds allow an increased interest by institutional investors in SMEs, which on an individual basis, issuing small denominations, would find it difficult to access the capital market. With Basket Bonds, the various minibonds issued by individual companies are subscribed by a specially formed appliance, which in turn issues one or more notes with characteristics suited to each type of investor. In addition, the access of institutional investors in the financing of companies' development plans gives a greater guarantee to the other stakeholders of the company issuing the minibond.