Two local companies – Tecnomeccanica and Eco Demolizioni – participated in the initial 8.3 million euro issue
Cassa Depositi e Prestiti and BPER acted as investors in the transaction guaranteed by the Region’s government The Emilia-Romagna 100 million euro Basket Bond programme became operational with the inaugural issue of two local companies that have decided to embark on a path of sustainable growth by exploiting sources of financing alternative to traditional credit channels. The initiative was signed in March 2024 and is promoted by BPER Banca and Cassa Depositi e Prestiti (CDP) with a guarantee from the Emilia-Romagna Region.
The operation, which will end in April 2026, envisages an initial issue of 8.3 million euros for two companies selected also thanks to the promotion and support of Confindustria Emilia-Romagna and Confindustria Romagna: Tecnomeccanica S.p.A. and Eco Demolizioni S.r.l. Società Benefit. Using the resources received, the two companies will be able to implement their respective sustainable development projects.
Within the initiative, BPER Banca and CDP will invest equally in minibonds issued by small and medium-sized enterprises that join the programme. More specifically, the investment in the basket of minibonds will be made by a special purpose vehicle (SPV), which in turn will issue securities to be acquired by BPER Banca and CDP. Moreover, the instrument is characterised by a longer duration compared to traditional maturities (the securities can have a duration of up to eight years including a pre-amortisation period of up to 24 months), less stringent rules on hedging and reduced interest thanks also to the support of the Emilia-Romagna Region's guarantee. With these innovative characteristics, companies will be able to develop and implement even the most complex projects requiring longer durations.
For more information on how to participate, click here www.basketbondemiliaromagna.it