The number of companies surveyed that considered the grouped bond issue relevant, very or extremely relevant stood at 42 percent, in a universe of more than 200 responses to the “Survey on Financing Opportunities for SMEs”, which AIP, in partnership with with PwC, carried out at the end of 2021, within the scope of the project “Financing Solutions for Small and Medium Enterprises”.

This survey aimed to carry out a diagnosis of the current situation of SMEs in accessing and using different financing instruments that may be alternatives to those available on the market. The grouped bond issue consists of a model in which a certain group of SMEs issues bonds, creating, for this purpose, a bond fund, with public guarantee, in the value of the set of bonds issued by the various companies. This model allows bond issues to gain sufficient size and be moderately risky to potentially attract investor interest.

AIP is working with BCP, PwC and public entities to design and set up a grouped bond issue operation.

More information: editen@aip.pt or 213 601 055.