WHAT ARE MINIBONDS?
A medium-long bond to support the growth projects of SMEs that want to enter the capital markets, decreasing their dependence on bank credit.
As all bonds, minibonds have a recognized interest rate in the form of periodic coupon, and a deadline on which the capital is repaid. Typically, SMEs bonds with a total nominal value under EUR 50M are considered minibonds, while there are no special don’t exist parameters or requirements for the main terms and conditions, including duration, interest rate or capital repayment structure.
Minibond Scorecard: Market Trends
Together with Business Support, a financial advisory boutique, Azimut Direct publishes a quarterly analysis of the Italian minibond market (size, maturity, coupon, redemption…) and pictures a «Minibond identikit» (based on average characteristics).