Entering the capital markets through a bond issue by an Italian SME is related to a specific project of growth and development of the company:

• acquisition of new production capacity
• acquisition of a competitor
• launch of new products
• getting access to new markets

Basically, new industrial and/or commercial investments of medium-long term. Financial and industrial consistency between investments and the related financial need is crucial to investors. Business plan therefore becomes a key document for obtaining funding and it must enable the potential investor to properly understand the company. The potential investor checks:

• the market positioning
• the financing project and rationale
• the value of the investment compared to the expenses
• current and expected financial strength
• level of indebtedness and its sustainability
• economic and operating development