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On 8 October, Wednesday, Milan-listed INWIT, the manager of Tim and Vodafone broadcasting towers of which Ardian Infrastructure, Credit Agricole Assurances and their co-investors are shareholders, placed a sustainability-linked bond of 850 million euros that pays a 3.625% fixed rate coupon and matures in October 2032 (see here a previous post by BeBeez). The investors demand amounted to 2.75 billion, 3X the supply. Emilia Trudu is the Chief Financial Officer of INWIT which carried on such an issuance as part of its Euro Medium Term Notes (EMTN) programme of 4 billion. Banca Akros, BBVA, BNP PARIBAS, BofA Securities, Credit Agricole CIB, IMI – Intesa Sanpaolo, Mediobanca, Morgan Stanley, SMBC, and UniCredit Bank acted as Joint Lead Managers. INWIT said it will invest the raised proceeds in the early redemption of the 700 million worth 1.875% coupon bonds issued in July 2020 for a total of one billion and maturing in the same month of 2026. Such facilities received a BBB- rating from Fitch. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Ardian Infrastructure, Credit Agricole Assurances, Canson Capital, Azimut, and their portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Verdalia Bioenergy, a Goldman Sachs investment platform born in 2023 for allocating above one billion euros in the European biomethane sector by 2029, attracted a corporate financing facility of 671 million euros from ING, Société Générale, UniCredit, BBVA, SMBC, Santander, Sabadell, CDPQ, and Rivage (see here a previous post by BeBeez). Rothschild & Co and Ashurst assisted the borrower that will invest such proceeds in the development of plants. Latham & Watkins, AFRY, BCG, ERM, Aon, and EY advised the lenders while Palmer Agency Services acted as agent. Cristina Ávila is the chairwoman and co-founder of Verdalia Bioenergy while Antonio España acts as CFO and Matteo Grandi as Italian country manager.
On 8 October, Wednesday, Banca Ifis closed a securitization STS for credits with a face value of 610 million euros of its subsidiary Banca Credifarma (see here a previous post by BeBeez). BonelliErede acted as Transaction Counsel. Banca Credifarma will provide the abs notes of the securitization as collateral for fundraising with the European Central Bank. The Milan-listed senior notes that Banca Ifis acquired amount to 438.3 million and pay a coupon of 3M Euribor plus 60 bps. Such a trance received Aa3 from Moody’s and AAA from Scope Rating. Gli stessi titoli potranno essere utilizzati come collaterale in operazioni di raccolta presso la BCE. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Emma SPV. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Mundys (fka Atlantia), an infrastructure investment holding that belongs to Edizione and Blackstone Infrastructure Partners, placed a Dublin-listed 500 million euros sustainability-linked bond maturing in September 2031 with a 3.70% coupon (see here a previous post by BeBeez). The bond may also provide a premium payment of a cumulative reward of up to 0.75% if the company fails to hit the KPI 1, KPI 2 and KPI 3 Conditions of its ESG targets. BNP Paribas, BofA Securities, Crédit Agricole, Banca Akros, Barclays, IMI-Intesa Sanpaolo, Mediobanca, RBC Capital Markets, UniCredit, BPER Corporate & Investment Banking, JP Morgan, SMBC, and Société Générale carried on the issuance and retained A&O Shearman. Mundys received assistance from Legance. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Edizione, Blackstone Capital Partners and their portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Adler Ortho, an Italian producer of biomedical devices, received assistance from Equita, Loan Agency Services (LAS) and Banca Popolare di Sondrio for the issuance of a fixed rate 12 million euros bond maturing in September 2031 that Cassa Depositi e Prestiti subscribed and for which Sace provided a warranty (see here a previous post by BeBeez). The company will invest such proceeds in its organic growth. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors CDP and its portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Milan-listed IT company Siav B-Corp issued a 2 million euros minibond that Banca Valsabbina subscribed (see here a previous post by BeBeez). The bond pays a coupon of 6M Euribor plus 275 bps, has an amortizing structure beginning in October 2027 and matures in October 2032. Nicola Voltan is the ceo of Siav which retained DWF. Hermes Bianchetti is the deputy coo of Banca Valsabbina. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Banca Valsabbina and its investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
