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

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.