Wine. Issue of bonds to support the Italian supply chain
Provided with 21 million for Masi, Pasqua and Feudi San Gregorio
Cdp and Unicredit anchor investor for 50% of the value.
The "Supply Chain Basket Bond", the 200 million euro bond issue program that Cdp (Cassa Depositi Prestiti) and UniCredit have launched to finance the development plans in Italy and abroad of companies belonging to the strategic sectors of the Italian economy has been launched . In particular, the first issue was completed, entirely dedicated to the wine supply chain, one of the excellence products of Made in Italy in the world.
The program was inaugurated by three Italian companies active in the wine sector, which individually issued minibonds, at a fixed rate and with a duration of 7 years, raising total resources of 21 million to finance investment and development plans on the national and international market. Cdp and UniCredit, acting as anchor investor of the transaction, each subscribed 50% of the total amount of these first issues of the program.
The three companies involved are Feudi di San Gregorio Società Agricola, a leading company in southern Italy and abroad in the Campania wines segment; Masi Agricola, a company listed on the Aim segment of the stock exchange considered one of the main producers of fine wines in the world, which alone has issued a loan of 12 million; Easter Vigneti & Cantine, a company recognized worldwide as a producer and ambassador of prestigious Venetian wines.
EFA News - European Food Agency