Banca Sella successfully closes the issue of the first 100 million green bond – Corriere.it

Banca Sella has successfully closed the issue of its first green bond, with a total demand of 100 million euro, doubling the initial amount of the offer. This is a green senior preferred bond issue with a 5-year maturity, aimed at retail customers, qualified counterparties and professional customers, with a minimum denomination of 1,000 euro, which provides for an annual coupon of 5.10%, paid every six months starting from September 21, 2023.

More releases to come

The net proceeds raised with this issue will be dedicated to financing new or existing loans, investments and selected projects in the field of sustainable construction, renewable energy and energy efficiency, Banca Sella explains in a note. Further issues are expected in the coming months. The bond, placed on the Vorvel multilateral trading facility, will be admitted to trading on the same system starting March 21, 2023. The issuer’s rating is BBB Low (DBRS), while the ESG rating assigned to the green bond by MainStreet Partners, a ‘ specializing in sustainable investments and environmental and social impact, of 4.09/5.

A finance with a positive impact

Banca Sella has long been committed to promoting finance with a positive impact on the environment, the economy and society – commented Francesco Plini, head of Finance and Strategic Planning of Banca Sella – with this initiative we continue the path undertaken to offer all our stakeholders tools that accompany them in the transition process towards a sustainable economy, also through savings solutions aimed at investments that bring benefits to the whole community. Banca Sella, like the entire Group, pursues the constant improvement of its environmental performance and the issue of this bond also strengthens its share of sustainable intermediation.