New regional trains: 150 million on the way. All on board!

CDP underwrites bond for investment in local train routes

Rome, July 1, 2016

There’s new hope for the difficult life of the commuter. The Italian state railway, Ferrovie dello Stato,  has placed a 6-year 350 million euro “floating rate” bond to finance a new fleet. CDP is underwriting 150 million euros of the offer. The funds will be used to  purchase of trains for regional transport and the medium and long-distance routes  In short, new carriages for passengers, driving the most modern and navigation systems that will allow a better service to users.

The bonds carry a floating rate indexed to 'structure 6M Euribor plus a spread of 70 basis points and was issued under par with a comparable re-offer spread of 75 basis points.