We back regions and local authorities by granting loans so that they can convert the loans they have carried out with other banking and financial intermediaries or other authorized parties at better rates.
Regions and Autonomous Provinces (CDP Circular No 1298/2019)
By means of the Refinancing Loan (PRIF) we give local authorities the chance to convert (from the day the circular is published up to the 31st December 2023) the loans they have taken out (since 31st December 1996) with banking and financial intermediaries other than CDP, i.e. with other authorized parties .
The initial loans must have been taken out in accordance with the legislation regarding indebtedness that was applicable at the time and that can be used for:
The amount of each new loan must be equal to the initial loan's outstanding debt, or to part of it, and anyhow it must be no less than five million Euros. Therefore the new loan is entirely to be used for paying the outstanding amount to the intermediary that holds the initial loan. Therefore using it for paying any further expenses born by the Authority and due to converting the initial loan is excluded.
Each PRIF can be used to convert one single initial loan.
Sending the loan application to CDP via PEC (certified electronic mail), to the address firstname.lastname@example.org. The documents that are given in detail in the specific section of the Portale Enti Locali e PA (Portal for Local Authorities and Public Administration) that concerns the PRIF must be included.