The subscription was open to customers of the Cooperative Banking Group’s affiliated banks. The proceeds from the transaction will finance loans and projects related to sustainable construction.
Trento, 29.10.2024 – Cassa Centrale Banca is pleased to announce the successful placement of its €100 million green bond issuance, only offered to Cooperative Banking Group customers—the first such issuance under the Group's ESG Framework.
The placement, managed by affiliated banks, attracted the participation of around 3,800 customers, strengthening the Group's identity and commitment to ESG priorities. These bonds are designed to finance or refinance sustainable projects with a positive environmental impact.
The three-year senior preferred green bond, issued at par, features a step-up structure with annual gross coupons that increase over time. It will be listed on the EuroTLX multilateral trading system.
The ESG Framework, drafted under the International Capital Market Association's Green Bond Principles 2021, has been supported by a second-party opinion from the independent firm ISS ESG. [1] Further issuances are planned over the coming months.
Sandro Bolognesi, CEO of Cassa Centrale Banca, declared: “This first green bond issuance is highly significant for us, being placed by our affiliated banks and engaging customers directly. The Group has thus reached an important new milestone on its path to sustainability, with an increasing commitment to ESG priorities. We aim to continue combining financial innovation with social responsibility, contributing to the sustainable growth of the regions and communities in which we operate.”
[1] For more details, please consult the dedicated ESG Bond Framework | Cassa Centrale Banca - Credito Cooperativo Italiano