UniCredit has underwritten a €12 million bond (minibond) issued by Irritec S.p.A. The 12-year bond is finalized to support Irritec – among the world leaders in the precision irrigation sector – in its growth and development strategies.
Through these financing sources, Irritec will pursue key ESG objectives in the environmental, social and governance sectors.
These are the words of Carmelo Giuffrè, President and CEO of Irritec:
“We would like to thank UniCredit for accompanying Irritec in this important development, which has allowed our company to strengthen its growth strategy by acquiring sources of long-term funding through the issuance of bonds. This operation will support investment projects and innovation, which are important strategic drivers for the consolidation of a sustainable and replicable business model, from the promotion of a culture of water saving, to the development of a responsible supply chain and the enhancement of environmental and human resources. This is an action consistent with the Sustainable Development Goals (SDG) of the 2030 Agenda promoted by the United Nations Global Compact, to which we have chosen to adhere”.
