Press release

CDP: €750mln bond issue closed successfully. Total amount of orders received: €1.9 bln

Rome, 5 February 2014 - Cassa depositi e prestiti Spa (CDP) successfully closed today a fixed rate note issue, unsubordinated and unsecured, for a nominal amount of euro 750 million.

Rome, 5 February 2014 - Cassa depositi e prestiti Spa (CDP) successfully closed today a fixed rate note issue, unsubordinated and unsecured, for a nominal amount of euro 750 million.

The Notes – issued under CDP Euro Medium Term Note Programme listed on the Luxembourg Stock Exchange and addressed to institutional investors – have 5 years maturity and pay a fixed annual coupon of 2.375%. The re-offer price is 99.419%.

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, which will be listed on the Luxembourg Stock Exchange, have been rated BBB+ by Fitch, Baa2 by Moody’s and BBB by Standard & Poor’s.

Orders have been received from over 170 investors for an amount totalling about €1.9 billion.

60% of the Notes was allocated to mutual funds and insurance companies, 37% to banks and the remaining 3% to other institutional investors. As for the geographical distribution, 68% was allocated in Italy, 22% in France, and the remaining 10% in Germany, United Kingdom and Austria.

Banca IMI, Barclays, Citi, Morgan Stanley, e Royal Bank of Scotland acted as Joint Lead Managers and Joint Bookrunners for the transaction.

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