De Cecco grows: two 25 million euro mini bonds

The leading group in the production and distribution of pasta has issued two bonds for investing in innovation and research: CDP is the anchor investor of the operation

Rome November 30, 2018

CDP continues its commitment to the growth of Italian companies with a new intervention in favour of the De Cecco group, a leader in the production and distribution of pasta. The company based in Fara San Martino (CH) has in fact completed the issue of two bonds with a total value of 25 million euros. The first is a senior unsecured bond loan of 21 million euros underwritten by 15 investors and admitted to listing in the ExtraMOT PRO segment of the Italian Stock Exchange.

CDP is the anchor investor of the operation and underwrote the bond for a counter-value of 12.5 million euros; other underwriters include Ersel SIM SpA, Consultinvest Asset Management SGR SpA, Confidi Systema! SC, Volksbank and Banca Popolare di Bari ScpA. The second is instead a non-listed, 4 million euro senior unsecured bond loan, underwritten by a single professional investor.

With this initiative, CDP concretely contributes to the innovation path of De Cecco: the two mini-bonds will contribute to the group's growth plan and be used to finance investments in research, development, innovation, environmental protection and energy efficiency. The operation was promoted by Banca Popolare di Bari as adviser, arranger and sole distributor.