Sustainability Bond 2022

Sustainability Bond intended to finance green and social initiatives, including, for the first time in CDP’s ESG issuances, energy efficiency and renewable energy, in addition to water efficiency, social infrastructure and internationalization of Italian companies.

This brings the number of ESG bond issues placed since 2017 to 8, confirming the strategic role CDP plays within the sustainable finance.

The issue is in line with the Sustainable Development Goals promoted by the United Nations, with particular reference to SDGs 3, 6, 7, 8, 11, 12, and 13 (respectively “Good health and well-being”, “Clean water and sanitation”, “Affordable and clean energy”, “Decent work and economic growth”, “Sustainable cities and communities”, “Responsible consumption and production”, and “Climate Action”).

To demonstrate the robustness of the portfolio of initiatives identified, a Second Party Opinion was released by ISS ESG.

The Sustainability Bond is aimed at institutional investors, with a nominal amount of 750 million euros, fixed rate, unsubordinated, unsecured bond with an annual gross coupon of 3.50% and maturity of 5 years.

The transaction collected orders for about 1.3 billion euros, with over 70 investors, of which about 68% foreign, and a relevant presence of ESG investors, ca. 70%.

The initiative is part of the “CDP Green, Social and Sustainability Bond Framework" and is in line with the Sustainability Bond Guidelines published by the International Capital Market Association (ICMA).

Bond Features

Tenor 5 years

Size € 750 mln

Annual coupon 3.50%

ESG Issuance

CDP confirms its position as a leading issuer in sustainable finance and contributes to the achievement of the sustainability goals set out in the United Nations 2030 Agenda.