(Finance) – With the aim of further diversifying its sources of collection in support of growth of jobs at customers retail and corporate, today Emiliano Credit SpA has finalized the establishment of its first Program for theissuing of financial billsand (Multi-Currency Commercial Paper Programme). The securities issued under the Programme, for a maximum amount of up to 1 billion euros and with a maturity of up to 12 months, will be intended exclusively for qualified investors. The securities will be issued in dematerialized form and centralized at Monte Titoli SpA
The PlanOf duration three-yearly, has been prepared in accordance with the criteria and requirements established by the Market Convention on Short-Term European Paper (STEP) and has obtained the relevant certification of conformity (STEP Label). The ratings assigned are: F3 by Fitch and P-3 by Moody’s.
“After structuring an EMTN program for bond issues,” he said Daniel Morlini, Head of Credem’s Finance Business Unit, “today we are particularly happy to have launched this new short-term collection channel which we consider strategically very important and where we hope to maintain a relevant and continuous presence. Through financial bills we want to broaden the scope of potential investors, so as to continue our strategy of growth in financing for businesses and families”.