The term guarantor refers to all those who provide guarantees to local and national production companies in order to facilitate the issuing process or to reduce the cost of debt.
The main guarantee instrument from which Anthilia BIT investment benefit from is the InnovFin Guarantee, issued by the European Investment Fund (EIF) with the European Union’s financial support, according to the terms defined by the Horizon 2020 program and the European Fund for Strategic Investments (EFSI), as described in the Investment Plan for Europe. The purpose of EFSI is to facilitate access to funding and the implementation of productive investments in the European Union.
EIF guarantee scheme
|Target||Fast growing SMEs with high degree of innovation|
|Guaranteed portfolio||Up to EUR 50 million|
|Single issue guarantee||Up to 50% of the face value of the issue (with a maximum of EUR 2.5 million)|
|Rating restrictions||Up to 50% of the guaranteed portfolio with BB- rating or less
Up to 10% with B+ rating
|Geographic concentration||Up to 30% on a single Province|
|Industry concentration||Up to 20% on a single industry|
|Amortizing restrictions||Up to 50% with bullet or balloon repayment plan|
|Duration restrictions||Up to 20% of the guaranteed portfolio with bullet or balloon repayment and weighted average life greater than 3.5 years|
|Benefits for the issuer||Improvement in terms of creditworthiness and reduction of cost of funding|
Other guarantors for Anthilia Bond Impresa Territorio