Social Bond aimed at financing initiatives falling under the Social Eligible Categories of CDP’s Green, Social and Sustainability Bond Framework, focusing on Italian Small and Medium Enterprises (SMEs) active across a wide range of sectors, prioritizing their socioeconomic advancement and empowerment and employment generation.1
CDP strengthens its commitment to sustainable finance, as well as its attention to social cohesion, and confirms itself among the main European players in the ESG bond market with social purposes.
The issue is in line with the Sustainable Development Goals promoted by the United Nations, with particular reference to SDGs 8 and 10 (respectively “Decent work and economic growth” and “Reduced Inequalities”).
The Social Bond is dedicated to institutional investors, with a nominal amount of 750 million euros, fixed rate, unsubordinated, unsecured bond with an annual gross coupon of 3.375% and maturity February 2034.
The transaction collected orders surpassing 4.6 billion euros, with orders from over 110 investors, of which more than 85% foreign, and a relevant presence of ESG investors.
The initiative is part of the “CDP Green, Social and Sustainability Bond Framework" and is in line with the Social Bond Principles published by the International Capital Market Association (ICMA).
1 CDP may include additional Eligible Social Categories outlined in CDP GSS Bond Framework in the post-issuance allocation reporting. CDP will prioritize new financing in the allocation, however as per the GSS Bond Framework a lookback period of 3 years may apply.
Maturity February 2034
Size € 750 mln
Annual coupon 3.375%
CDP Green Social and Sustainability Bond Framework
Second Party Opinion
Social Bond 2026 Investor Presentation