UniCredit and MCC launch €75M basket bond for Italian SMEs
What's the deal? UniCredit and Mediocredito Centrale (MCC)Dealroom has a profile for this one. Try Dealroom → on Thursday launched "Made in Italy 2," a €75 million basket bond to finance growth, innovation, and development plans of Italian small and medium-sized enterprises (SMEs) and midcaps. The first five issues, totaling €12.3 million, are already complete.
How it works: The program offers minibonds of up to €3.8 million, subscribed in equal parts by UniCredit — which also acts as arranger — and MCC. Completion of the portfolio is expected within 18 to 24 months.
De-risking: The SME Guarantee Fund, managed by MCC, will cover first losses of up to 80% of each minibond and up to 25% of the overall portfolio. The synthetic securitization transfers credit risk without selling the exposures, reducing costs of accessing capital markets.
Who's raising? Terra.conDealroom has a profile for this one. Try Dealroom → issued a €2.0 million minibond to acquire Alpe StradeDealroom has a profile for this one. Try Dealroom →; Alsa LabDealroom has a profile for this one. Try Dealroom → raised €2.4 million for new production lines and research; and R.G. ElettroimpiantiDealroom has a profile for this one. Try Dealroom → secured €3.5 million for a new company complex. Salto SystemDealroom has a profile for this one. Try Dealroom → issued €2.4 million to redevelop warehouses and strengthen rail connections, while EuroilDealroom has a profile for this one. Try Dealroom → raised €2.0 million to acquire and redevelop a fuel distribution facility.
Why now? The initiative follows a first program that mobilized more than €64 million for 25 companies. "We are making new resources available to support strategic investments and promote growth, innovation, and companies' competitiveness," said Remo Taricani, deputy head of UniCredit Italia.
The signal: The second edition confirms companies' appetite for tools that complement traditional bank financing, said MCC chief executive officer Ferruccio Ferranti — a sign that alternative debt instruments are gaining ground among Italy's smaller firms.
Image credit: Generated with Gemini
