CDP: 150 million euro EMTN issue

Press release

CDP: 150 million euro EMTN issue

Rome, 25 June 2014 - Cassa depositi e prestiti Spa (CDP) announces today the issuance of 150 million euro fixed to floating rate notes, unsubordinated and unsecured, which increases the issuance of 250 million euro, already outstanding, made on 25 March 2014 with final maturity 25 March 2024 (ISIN code: IT0005008484).

Rome, 25 June 2014 - Cassa depositi e prestiti Spa (CDP) announces today the issuance of 150 million euro fixed to floating rate notes, unsubordinated and unsecured, which increases the issuance of 250 million euro, already outstanding, made on 25 March 2014 with final maturity 25 March 2024 (ISIN code: IT0005008484).

The net proceeds deriving from this issue will be used by CDP to support the so-called “Separate Account”, that is all the activities which, under applicable regulations, may be funded also through Postal Savings (such as lending to Public Entities, support for the economy, public interest infrastructures).

The Notes were placed through private placement, with Morgan Stanley & Co acting as dealer of the transaction.

The Notes, listed on the Luxembourg Stock Exchange, have been rated BBB+ by Fitch, Baa2 by Moody’s and BBB by Standard and Poor's.

 

 

 

 

 

 

 

 

 

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