Press release

CDP: € 750 million bond issue closes successfully

Rome, 7 June 2011

Cassa depositi e Prestiti S.p.A. (CDP) successfully closed today a fixed rate senior and unsecured notes, with final maturity 14 September 2016, for a nominal amount of € 750 million, compared with an initial expected amount of €500 million.

The Notes are issued under the CDP Euro Medium Term Notes (EMTN) Programme, listed on the Luxembourg Stock Exchange.

The Notes, distributed exclusively to institutional investors, pay a fixed annual coupon of 4.25%, with a re-offer price of 99,634%. The total amount of orders received by the investors was around € 1,3 billion, more than twice the amount initially expected.

The Notes, which will be listed on the Luxembourg Stock Exchange, will be rated AA- for Fitch, Aa2 for Moody’s e A+ for Standard&Poor’s.

Over 80% of the Notes was allocated to mutual funds and insurance company; 67% was allocated in Italy, 15% in France, 6% in Germany and the remaining 12% in other countries such as United Kingdom, Luxembourg, Spain and Portugal.

BofA Merrill Lynch, Morgan Stanley, Societè Generale and UniCredit Bank acted as of Joint Lead Managers and Joint Bookrunners for the transaction.

 

 

 

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