Programma di cambiali finanziarie | CDP

CDP Bonds

CDP is active on financial markets through a medium-to-long-term bond issuance programme (Debt Issuance Programme) and a short-term Commercial Paper Programme, reserved to institutional investors. Since 2023 CDP is also active on the US market with a Yankee Bond issuance. Furthermore, CDP offers bond issuances for retail investors resident in Italy.

 

Multi-Currency Commercial Paper Programme

In 2014 CDP launched the “Multi-Currency Commercial Paper Programme”, denominated in Euro and other currencies, which constitutes a key short-term funding instrument for CDP.

From the last update in March 2023, the Programme envisage the ESG Label to each issuance, in connection with the maintenance of an ESG Rating assigned to CDP (please refer to the Information Memorandum).

The Programme enables funding on money market maturities, up to a total amount of 6 billion euros. It is governed by the Italian Law No.43 of 13/01/1994, “Disciplina delle Cambiali Finanziarie” (as amended by Law No.134 of 07/08/2012) and complies with the requirements established in the S.T.E.P. Market Convention. Additionally, the Programme has obtained the S.T.E.P. Label by the S.T.E.P. Secretariat.

The Programme is rated by S&P Global Ratings Europe Limited (S&P), Fitch Ratings Ireland Limited Sede Secondaria Italiana (Fitch), and Scope Ratings GmbH (Scope).

Individual series of Commercial Papers may be listed on the ExtraMOT PRO segment of the Italian Stock Exchange.

Commercial Paper

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ISIN Code Type Issue Date Maturity Date Nominal Value Download
IT0005589020 ESG issue 26/03/2024 26/09/2024 € 50.000.000 Form Contractual Terms
IT0005588634 ESG issue 21/03/2024 23/09/2024 € 250.000.000 Form Contractual Terms
IT0005587354 ESG issue 19/03/2024 15/01/2025 € 25.000.000 Form Contractual Terms
IT0005586737 ESG issue 14/03/2024 14/06/2024 € 32.000.000 Form Contractual Terms
IT0005586745 ESG issue 14/03/2024 13/03/2025 € 40.000.000 Form Contractual Terms
IT0005583106 ESG issue 13/02/2024 13/05/2024 € 45.000.000 Form Contractual Terms
IT0005582843 ESG issue 09/02/2024 09/08/2024 € 17.500.000 Form Contractual Terms
IT0005581340 ESG issue 25/01/2024 03/06/2024 € 150.000.000 Form Contractual Terms
IT0005581399 ESG issue 25/01/2024 25/07/2024 € 100.000.000 Form Contractual Terms
IT0005580318 ESG issue 17/01/2024 17/04/2024 € 75.000.000 Form Contractual Terms