Enterprises affected by the Covid-19 epidemiological emergency that meet, in addition to the general access criteria, the following specific requirements for a Temporary Framework operation:
* For more information on the sectors, see the table attached to the Ministerial Decree
With the Convertible Subordinated Bond instrument, with a duration of 5 years for listed companies and 6 years for unlisted companies, we can support the financing needs of your company with its medium-long term development plans.
Financial terms and conditions:
Listed companies: EURIBOR 1Y +
Unlisted companies: EURIBOR 1Y +
The main features of the instrument are:
The amount of assistance must be at least €1 million and must not exceed 20% of outstanding shares; for unlisted companies, the maximum amount can be increased by a further 4.99% if there is a co-investor.
To benefit from the assistance, unlisted companies will have to provide a fair market value determined by one of CDP's valuation partners. You can apply through one of Qualified Independent Experts.
In any event, the maximum amount must not exceed that required to restore the company's capital structure to the situation prior to the Covid-19 pandemic, i.e. the situation on 31 December 2019.
The financial resources obtained must be used by your company to support working capital needs and/or investments, in line with a plan that takes into account EU and national objectives in relation to the green and digital transformation.
It will be possible to apply for this instrument until 31 December 2021, unless extended.
You can apply through one of our Qualified Intermediaries.