Italy’s private debt, corporate finance, distressed assets and NPLs weekly roundup. News from Cdp, Unicredit, Hines, Azimut, Mps, ALgebris, Credito Fondiario, Illimity and more

Cassa Depositi e Prestiti (CDP) and UniCredit suscribed a 21 million euros second tranche of the Supply Chain Basket Bond Programme (Basket Bond di Filiera) dedicated to Italian distributors of contents for cinema and tv (see here a previous post by BeBeez), after a first tranche dedicated to the wine sector. The issuance’s underlyings are minibonds with a 7 years maturity issued by Milan-listed Iervolino and Lady Bacardi Entertainment and Leone Film Group and by unlisted Lucky Red. Sources said to BeBeez that Unicredit subscribed 50% of the three issuances while CDP subscribed the remaining 50% through the acquisition of asset-backed notes coming from a securitization. Iervolino issued a minibond of 10 million that pays a coupon of