Italy innovates with minibonds to fill SME lending vacuum
GlobalCapital, is part of the Delinian Group, DELINIAN (GLOBALCAPITAL) LIMITED, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 15236213
Copyright © DELINIAN (GLOBALCAPITAL) LIMITED and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
SSA

Italy innovates with minibonds to fill SME lending vacuum

Since 2011, bank lending has plunged in Italy, posing serious problems for the country’s small and medium-sized enterprises. Amid bold reforms to remedy the problem, Italy has created something new for Europe — a minibond market to channel institutional funds to SMEs. As Stefanie Linhardt reports, the market is still in its infancy, but investment funds are being formed and dealflow is expected to accelerate.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Related articles

  • Sfil postpones bond sale as OAT woes grow

    'It was the best thing to do' in a volatile market, says issuer after election call sparks market mayhem
  • SSA

    French election shock derails SSA pipeline

    French issuer postpones deal as compatriots set to face wider spreads
  • Agencies sharpen tactics in year of the yield grab

    The pace of issuance from agency issuers has been remarkable this year as investors’ renewed love affair with fixed income heats up. But there are still challenges to getting deals done, meaning borrowers must come up with new ways to keep funding ticking over, writes Georgie Lee
  • Sovereigns reach retail inflection point

    Savvy government issuers have been able to fund record volumes from retail investors since interest rates began to rise, which contributed to tighter spreads, even as debt-to-GDP ratios increased. But where next now that banks have caught up, the ECB has cut rates and household liquidity has receded? Georgie Lee investigates
  • SSA

    No easy wins in development bank power-up

    There has never been so much momentum to reform the multilateral development banks. But most of the many avenues to expand their lending have run into difficulties. Jon Hay reports
  • ‘Big leap forward’ needed to propel EU to safe asset status

    For those hoping that the EU, with its swollen borrowing programme since the pandemic, could become a common European safe asset, the wait may take a little longer as the issuer works to establish itself as a sovereign-like entity and the bloc struggles to make progress on Capital Markets Union. Addison Gong reports
Gift this article