Banca Esperia supports CreditAccess Asia NV IPO

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Italy’s Banca Esperia, Banca Mediolanum and Mediobanca’s private bank, has partnered with CreditAccess Asia NV to issue IPO Incentive Bond, a bond meant to get the Asian-investing company’s IPO plans underway.

CreditAccess Asia NV is an industrial operator working on behalf of Indian and south-east Asian companies specialised in craftsmanship and micro-entrepreneurship .

Since its issuance, the bond has reached its target AUM by posting €40m. The bond subscribers will access an annual dividend of 6.5% and will have the opportunity of buying more shares when the company will go public in 2017 with a 20% discount.

“The focus on the south-east Asian countries seeks to achieve geographic diversification in investor portfolios. The exposure to the craftsmanship and micro-entrepreneurship sectors, which do not normally have access to the local banking system, seeks to widen growth opportunities for investors,” Banca Esperia said.

 

Milan

The Fund Selector Forum Italy 2014 takes place on 5 November 2014 at the Four Seasons Hotel in Milan.

Click here for further details and to register: http://www.investmenteurope.net/event/2014-fund-selector-forum/

 

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