[NEWS] Province of Brescia: support to sustainable mobility
Iniziative Bresciane issues EUR 4 million minibond
Iniziative Bresciane-Inbre has issued a EUR 4 million sustainability-linked bond underwritten by UniCredit. The bond is made up of 40 bonds with a total nominal value of EUR 4 million and has a term of six years, including a six-month pre-amortization period. The purpose of the minibond is to finance the adoption, by 2024, of additional ecological mitigation and restoration measures in the areas where Inbre Group's hydroelectric plants are located and the implementation of projects to improve the ecological condition of the river and surrounding areas.
With the proceeds of the bond, the Group will install electric charging stations to promote sustainable mobility. The group's management has made it clear that the transaction is part of a broader development programme in the hydroelectric sector that will consolidate the company's sustainable growth while also allowing it to highlight the Group's achievements on ESG issues.