Press release

CDP: 250 million euro EMTN issue

Rome, 5 February 2015  Cassa depositi e prestiti Spa (CDP) announces today the issuance of 250 million euro fixed rate notes, unsubordinated and unsecured.

Rome, 5 February 2015 

Cassa depositi e prestiti Spa (CDP) announces today the issuance of 250 million euro fixed rate notes, unsubordinated and unsecured. The transaction is a tap of the 750 million euro outstanding notes issued on 26November 2014 with final maturity 26 January 2018 (ISIN code: IT0005068850). Hence, the total nominal amount of the notes rises to 1 billion euro.

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 club deal, with Morgan Stanley & Co. International plc acting as dealer of the transaction.

The new Notes were subscribed by about 15 investors, with the majority of demand coming from foreign accounts and with the contribution of an Asian investor and a Southern American investor.

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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