Social bond of €800 mln for social impact investments by Italian SMEs

The image accompanying the News on the 800 million euro social bond issued by Intesa Sanpaolo and fully subscribed by Cassa Depositi e Prestiti intended to support social impact investments by Italian SMEs, portrays three women sitting around a desk, while " they high five" as a sign of agreement and success by crossing their hands over the PC placed in the center of the table

Intesa Sanpaolo has issued a €800 million social bond fully subscribed by Cassa Depositi e Prestiti (CDP): the resources are earmarked for credit lines to be granted in support of investments with a social impact by Italian SMEs and mid-caps.

More specifically, the transaction will allow Intesa Sanpaolo to provide new credit lines of up to €20 million, with a minimum duration of two years, for interventions in line with the bank's Green, Social and Sustainability Bond Framework.

At least 51% of the resources will be allocated to smaller companies to facilitate their growth.

To boost Italy's real economy, since 2021 the partnership between Intesa Sanpaolo and CDP has allowed €2.8 billion in resources to be made available to the national business system.

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