The transaction in a nutshell
Strong interest from institutional investors, with demand exceeding €1.6 billion. Proceeds will be used to finance or refinance green projects. EQUITA joint lead manager in the transaction
- Client:
- Banca Popolare di Sondrio
- Date:
- May 2024
- Mandate:
- Senior Preferred Green Bond Issue
- Role:
- Joint Lead Manager and Joint Bookrunner
- Value:
- € 500 m
- Typology:
- Debt Capital Markets – DCM
- Advisor:
- EQUITA SIM
The Company
One of the first cooperative banks to be founded in Italy, inspired by the cooperative credit model advocated by Luigi Luzzatti, Banca Popolare di Sondrio has been serving the territories in which it operates since its foundation in Valtellina in 1871.
Over time, the range of activities has been extended to the whole country, while maintaining strong links with the area of origin where the Head Office and the Central Departments are still located.
Following the approval of the corporate transformation resolved by the Extraordinary Shareholders' Meeting of 29 December 2021, the Bank operates as a joint-stock company and heads a banking group with over 150,000 shareholders, more than 500 branches and over 900,000 customers.
Banca Popolare di Sondrio boasts a long history of growth, values and culture, based on mutual trust and nourished by a passion for work, constant attention to customers and the evolution of their needs. On the strength of its solid founding principles that have inspired a balanced and profitable business model, the bank looks to the future with confidence and works with determination to continue to carry out its activities effectively, to the benefit of customers and all stakeholders.