EMTN: eur 100 million floating rate notes issue

Press release

EMTN: eur 100 million floating rate notes issue

Cassa depositi e prestiti Spa (CDP) announces today the issuance of Eur 100 million floating rate notes, unsubordinated and unsecured, with final maturity 16 February 2021.

Cassa depositi e prestiti Spa (CDP) announces today the issuance of Eur 100 million floating rate notes, unsubordinated and unsecured, with final maturity 16 February 2021. The floating coupon is annual and linked to CMS 10 years with a floor equal to 3.80% and a cap equal to 8.00 per cent.

The new EMTN (ISIN code: IT0004691157) was issued under CDP Euro Medium Term Note (EMTN) Programme, listed on the Luxembourg Stock Exchange and addressed to institutional investors. The net proceeds deriving from such issue will support the financing by CDP of infrastructural projects.

The Notes were placed through private placement by Bank of America Merrill Lynch, acting as dealer of the transaction.

The Notes, which will be listed on the Luxembourg Stock Exchange, have been rated Aa2 b
Moody's, A+ by Standard & Poor's and AA- by Fitch.

 

 

Rome, 16 February 2011

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