Last May 9, the Intesa Sanpaolo IMI Corporate & Investment Banking Division and IGD – Immobiliare Grande Distribuzione SIIQ S.p.A., one of Italy's leading players in the retail real estate sector listed on the STAR segment of the Italian stock exchange, have executed, with a pool of primary national and international banks and institutions, a Green Secured facility of 250 million euro, with five years maturity.
Intesa Sanpaolo, acted as global co-ordinator, green co-ordinator, agent and lender.
It is envisaged that the facility will be mainly utilized to finance and/or refinance, in whole or in part, the so-called "Eligible Green Projects" referred to in the Company's "Green Financing Framework", developed in accordance with the Green Bond Principles (ICMA), and the Green Loan Principles (LMA), as well as for general corporate purposes.
The IGD's green financing rises to a total of 465 million euro, 41% of total debt, confirming both its commitment to the transition to a sustainable economy and the support our Institute provides to virtuous companies in achieving sustainability goals identified in the Business Plan.
