The National Temporary Support Fund instruments: all the details | CDP

Patrimonio Rilancio - National Temporary Support Fund

Strengthen the capital structure of your company hit by the Covid-19 emergency

 

Who they are aimed at

National Temporary Support Fund instruments are aimed at public limited companies with registered offices in Italy and a turnover of more than €50 million*.


How they work

With National Temporary Support Fund instruments, we are supporting the relaunch of businesses providing temporary assistance for companies affected by the Covid-19 emergency, consistent with the measures provided by the European Commission in the "Temporary Framework for State aid measures to support the economy in the current emergency of Covid-19".

Specifically, the solutions are:

  • Subordinated Bond Loan: an extremely flexible instrument, with a duration of up to 6 years and a minimum amount of €1 million, which is subordinate to your company's other debts, and which has a simple, standardised access channel.
  • Convertible Subordinated Bond Loan: This product has a term of up to 6 years and a minimum amount of €1 million, which can be redeemed or converted into capital under certain predefined conditions.
  • Compulsory Conversion Subordinated Bond Loan: A solution designed for companies wishing to obtain a loan with a term of up to 5 years and a minimum amount of €25 million; however, unlike the previous instrument, the issuer can request cash repayment or conversion into capital, with the obligation to convert into cash or shares at maturity.
  • Capital Increase within a Temporary Framework: This instrument is for amounts over €100 million, to strengthen and stabilise your company's capital structure, supporting medium- to long-term development plans.


How to apply

You can apply through one of our Qualified Intermediaries.

*If the company belongs to a group, reference will be made to the value of revenues on a consolidated basis (at the highest degree of consolidation) without taking into account the revenues earned within the group.

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Our detailed solutions

Subordinated Bond Loan
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Convertible Subordinated Bond Loan
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Compulsory Conversion Subordinated Bond Loan
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Capital Increase | Temporary Framework
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