EMTN: 500 million euro floating rate issue

Press release

EMTN: 500 million euro floating rate issue

Rome, 20 December 2013 - Cassa depositi e prestiti Spa (CDP) announces today the issuance of 500 million euro floating rate notes, unsubordinated and unsecured, with final maturity 20 December 2023.

Rome, 20 December 2013 - Cassa depositi e prestiti Spa (CDP) announces today the issuance of 500 million euro floating rate notes, unsubordinated and unsecured, with final maturity 20 December 2023. The floating coupon is linked to CMS 20 years.

The Notes (ISIN code: IT0004983562) were issued under CDP Euro Medium Term Note Programme, listed on the Luxembourg Stock Exchange and addressed to institutional investors.
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 Credit Suisse Securities Ltd and J.P. Morgan Securities plc acting as dealers 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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