INTERBANCA (BANCA IFIS GROUP) UNDERWRITES ICM SPA’S BOND ISSUE FOR 5 MILLION EURO

    Financial
    Gruppo Banca IFIS
    Interbanca S.p.A.


Milan, 15 June 2017 – Interbanca (part of Banca IFIS since 30 November 2016) has underwritten the bond issued by ICM SpA, an industrial group in the construction sector.

ICM SpA’s issue was underwritten by Interbanca for 5 million Euro and is the last tranche of a transaction totalling 30 million Euro.

The issue will be listed in the multilateral trading system of the Italian Stock Exchange, specifically the ExtraMOT PRO segment, with maturity in June 2023 and a yield of 4,6%.

This bond issue will finance growth, both in Italy and abroad, in the Group’s order book.

With this transaction, Banca IFIS Impresa enters the mini bond segment, confirming its desire to support the growth and expansion projects of excelling groups and SMEs, including international ones, through innovative financial tools.

ICM SpA is mainly involved in the construction industry, specifically heavy-duty civil, industrial and infrastructural engineering, both in Italy and abroad, with extensive experience in road, rail, airport and hydraulic projects. In addition, it also builds large industrial, management, commercial and residential complexes. ICM SpA closed the year 2016 with a value of production of over 340 million Euro, of which around 60% made abroad.

Stefano Cirella, Interbanca’s Head of Commercial Lending, said: “We have chosen to finance ICM SpA by subscribing to their bond issue because it is an operation that allows us to support the development of a major Italian player in the construction sector, in line with our strategy. Thanks to the issue, ICM has diversified  its funding sources in order to expand its order book, mostly abroad. Moreover, through this transaction, Banca IFIS Impresa enters the mini bond segment and extends the range of products it offers enterprises, with the aim of becoming financial partner to excelling Italian companies, in its constant pursuit of further growth and profitability”.


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