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Together with CDP, €1 billion in new resources for Italian SMEs

Together with CDP, €1 billion in new resources for Italian SMEs. CDP has subscribed to a €1 billion bond issued by Intesa Sanpaolo to support  business investment in innovation and sustainability

New resources of €1 billion will be allocated to financing small and medium-sized enterprises, thanks to a bond of the same nominal amount issued by Intesa Sanpaolo and subscribed by Cassa Depositi e Prestiti.

The entire amount will be used to facilitate access to credit for Italian MidCaps and SMEs and to support investment projects in the digital and ecological transition, including in a supply chain logic.

The loans, which will be disbursed as part of Intesa Sanpaolo’s “Motore Italia” programme, may have a maximum amount of €25 million and a minimum maturity of no less than 24 months, including pre-amortisation.

The initiative, which consolidates the partnership between Intesa Sanpaolo and Cassa Depositi e Prestiti, strengthens the instruments in place to support the productivity and competitiveness of Italian SMEs to which the Bank, in the first five months of the year, has already disbursed €11 billion, of which over €1.5 billion in support of the sustainable transition.

The bond issued by Intesa Sanpaolo and subscribed by Cassa Depositi e Prestiti is a senior unsecured preferred with a term of 7 years and a nominal value of €1 billion.

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