(Finance) – The Board of Directors of Innovateca company listed on Euronext Growth Milan and active in the sectors of energy efficiency and environmental sustainability, has approved the issue, in the context of a broader structured financing operation in the form of a “basket bond”, of a non-convertible bond loan for a nominal amount of 8 million euros and a duration of 6 years.
The instrument will be underwritten by a securitization vehiclewhich in turn will be financed by issuing asset backed securities aimed at major qualified investors.
In this way, Innovatec emphasizes, it will have the opportunity to find financial resources with a long-term time horizon, with competitive economic conditions to support investments and growth initiatives.
Further information relating to the completion of the loan will be disclosed to the market as soon as available.