Release date: 20 February 2024
Promoter – Financial Intermediary
UNICREDIT LEASING SPA,UNICREDIT SPALocation
Description
The operation will finance projects carried out by sustainable small and medium sized enterprises (SMEs) and/or mid-caps in Italy. At least 20% of the total loan amount will be dedicated to Climate Action projects.
Additionality and Impact
The operation will provide funding to the promoter, UniCredit S.p.A. ("UC"), with the aim of generating additional lending to Italian SMEs (60%) and MidCaps (40%), which is still at sub-optimal level.
The operation foresees that at least 20% of the loans will be dedicated to Climate Action projects: it is envisaged that the 40% MidCap share will facilitate the deployment of larger CA projects which wouldn't be implemented by SMEs.
The facility includes eligible minibonds (unrated and unlisted) or basket bonds issued by SMEs/MidCaps which will contribute to enable access to credit markets for eligible SMEs/MidCaps, to further diversify their sources of funding.
Objectives
The aim is to enhance access to finance for the target beneficiaries.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 700 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 5/10/2023
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).