Expressions of interest for the issuance of Minibonds as part of the Basket Bond Lazio Operation with the support of the Minibond Guarantee Fund

October 2, 2024

FORM FACILITATION

Guarantee interventions

REGIONS

Lazio

SECTOR

Hotel, Other services, Crafts, Motor vehicles and other means of transport, Chemicals and Pharmaceuticals, Commerce, Culture, Construction, Electronics, Energy supply, Water and waste management, Mechanics, Metallurgy, Furniture, Wood and Paper, Fashion and Textiles, Catering, Health, Transport services, Tourism

ALLOWED EXPENSE

0 €

INCENTIVE STATUS

ACTIVE

OPENING DATE

CLOSING DATE

December 14, 2023
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NOTES

The publication took place in the official bulletin of the Lazio Region. Lazio Innova may, at any time, interrupt the deadlines for the submission of expressions of interest, communicating this on the institutional sites, due, inter alia, to the expected achievement of the maximum amount of the Portfolio or the achievement of the deadline for the establishment of the Portfolio upon indication of the Arranger.
Share fact sheet

Things

The Minibond Guarantee Fund (FGM) is the financial instrument supported by the ERDF aimed at providing the guarantee to support the operation ("Basket Bond Lazio"), dedicated to promoting and supporting access to alternative financial sources to bank credit by of SMEs operating in Lazio. 

Who is it aimed at?

SMEs in possession of the formal eligibility requirements indicated below are formally eligible for the FGM guarantee, and therefore can be initiated into the procedural process necessary for participation in the operation: • they must fall within the dimensional parameters of a small or medium enterprise (" PMI”), as defined in Annex 1 to EU Regulation 651/2014, the period of validity of which was extended to 31 December 2023 by Reg. (EU) 2020/972; micro-enterprises are excluded; the size requirement must be maintained until admission to the portfolio with relative granting of the guarantee based on the cash collateral made available by the FGM; – they must have an operational headquarters in Lazio, at the latest by the date of admission to the portfolio (granting of the guarantee); the entrepreneurial activity receiving the financial resources collected through the issuance of the minibond must be carried out in this location and the investments financed by these resources must be located there; - they must have a rating and must possess the other requirements indicated in the invitation (e.g. legal form, financial ratios, general eligibility requirements). 

What does it predict

The advantages for SMEs that access this new financing channel, however reserved for companies with good creditworthiness, are not purely financial: – to issue bonds, companies must obtain a rating and therefore – indirectly – learn to consider the financial statements are the true reflection of the state of health of the company; - to interface with professional investors, companies must acquire advanced skills in finance, an area in which SMEs often do not have internal safeguards as valid and consolidated as in the production or commercial fields ; – the issuance of a minibond is an event that usually receives media coverage and contributes to improving the company's image and the reliability perceived by the market 

Objective – Purpose

Investment support

Form – Facilitation

Guarantee interventions

Maximum Allowable Expenditure

300000 €

Allowed Costs

Buildings and land, Professional training, Personnel costs, Raw materials, consumables and goods, Services, patents and licenses, General expenses/other charges, Plant/Machinery/Equipment

Maximum grantable benefit

300000 €
Subject type
Business

Dimension

Medium Enterprise, Small Enterprise

Activity sector

Hotel, Other services, Crafts, Motor vehicles and other means of transport, Chemicals and Pharmaceuticals, Commerce, Culture, Construction, Electronics, Energy supply, Water and waste management, Mechanics, Metallurgy, Furniture, Wood and Paper, Fashion and Textiles, Catering, Health, Transport services, Tourism

ATECO

All economic sectors eligible to receive aid

Regions

Lazio

Other features

SMEs that express interest in participating in the operation and that are formally eligible will be able to request Lazio Innova, in the presence of specific conditions, for the granting of a non-repayable contribution to partially cover the costs associated with the issuance of the minibonds (e.g. : rating, financial statement certification, arrangement commissions).

Managing entity

Lazio region

Primary regulatory basis

PR FESR Lazio 2021-2027 - Strategic Objective 1 "A more competitive and intelligent Europe", Specific Objective "Strengthening the growth and competitiveness of SMEs" - Activation of portfolio operation called “Basket Bond Lazio” - Establishment of guarantee fund called “ Minibond Guarantee Fund”.

Implementation measure

PR FESR Lazio 2021-2027 - Strategic Objective 1 "A more competitive and intelligent Europe", Specific Objective "Strengthening the growth and competitiveness of SMEs" - Activation of portfolio operation called “Basket Bond Lazio” - Establishment of guarantee fund called “ Minibond Guarantee Fund”.

References Official Journal

95 of 11/28/2023

Incentive allocation

15000000 €

Reference site

https://www.lazioeuropa.it/bandi/basket-bond-lazio/

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