Small and Medium Enterprises (SMEs) in Campania, from 16 November 2022, they will be able to send expressions of interest to participate in the Second edition of Campania Bond Guarantee (here the notice).
The Campania Region, in order to promote the growth of the regional entrepreneurial system, has again decided to activate loans, through multiple issuance of Minibonds constituted in portfolios (“Basket Bonds”), assisted by public guarantee (ERDF ROP resources 2014-2020, Action 3.6.1., Ob. 3.6).
After the success of the first edition, which allowed 65 SMEs, spread throughout the region, to issue Minibonds for €144.1 million, the Campania Region renews the measure aimed at facilitating access to the capital market, through alternative finance instruments, for the implementation of entrepreneurial projects of expansion, strengthening and innovation.
Grouped in a portfolio with a maximum amount of €148 million, the Minibonds are subscribed by a special purpose vehicle which in turn issues securities subscribed by institutional investors. Public aid will take two forms:. The first one consists of the Public Portfolio Guarantee, lent by Sviluppo Campania spa – an in-house company of the Campania Region – in the form of cash collateral, to cover the first losses recorded on the portfolio, up to a maximum of 25% the amount of the portfolio (with a budget of EUR 37 million); a second one composed of Contributions of 50% Costs of Portfolio Organisation/Management SME issuers (with a budget of EUR 1.9 million).
As in the previous edition, the composition of the Minibond will allow companies to equip themselves with a Balanced mix of resources divided between physical investments (land, property and plant, machinery and equipment), intangible investments (patent rights, licences, know-how or other forms of intellectual property, including the transfer of property rights in undertakings provided that such transfer takes place between undertakings not belonging to the same group) and working capital.
They can participate the SMEs They have at least one operational headquarters in the Campania region, in which the investment will be made, or who undertake to meet the requirement at the time of admission to the portfolio and who have a valid rating issued by an ECAI Agency, at least BB on the Standard & Poor’s scale (or equivalent). SMEs that do not yet have a valid rating can also participate in certain fiscal conditions that are better explained in the Notice.
From 10 am on November 16th, therefore, small and medium-sized bells can send by certified e-mail to warrantycampaniabond@postcertified.mcc.it the expressions of interest to participate in the minibond issuance programme managed by Sviluppo Campania, as implementing entity of the measure, and by the temporary grouping of companies formed by Mediocredito Centrale and Banca Finint, as Arranger of the operation.
To deepen the operation of the measure, the legislation, the exclusion fields, etc. click here
To learn more about how to request it click here
To request information relating to the Notice and the obligations connected with it, you can use the form available on the website Campania Bond Guarantee or directly to this link.
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