IGLOO: launch of the “Italian Guaranteed Loans Origination Platform”

Banca Akros acted as co-arranger.

Banca Akros (Gruppo Banco BPM) acted as co-arranger in the launch of the “Italian Guaranteed Loans Origination platform”, IGLOO, the first securitization transaction of loans to SMEs and mid-caps guaranteed by the Italian Government for Euro 170 million promoted by Gruppo MOL and Gruppo NSA.

In the transaction, Banco BPM acted, among others, as a subscriber of the Senior notes.

IGLOO is the first platform in Europe specialized in the financing of Italian SMEs and Mid-corporates with public guarantees. This platform leverages both on the origination’s know-how & technology and loan processing provided by specialized companies and pays great attention to the climate transition and environmental sustainability.

This innovative initiative was supported by the European Investment Fund (investor of Senior and Mezzanine tranches), which participates as a direct investor (not only as a guarantee lender). IGLOO aims to promote access to credit for SMEs and Midcaps, to support companies in the implementation of ESG projects, to expand the use of alternative, fast and effective forms of credit.

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