Cassa Depositi e Prestiti places €750 million five-year Senior bond

Cassa Depositi e Prestiti S.p.A. (CDP) has completed the placement of a fixed-rate Senior bond with a nominal value of €750 million and a five-year maturity (3 June 2031), aimed at institutional investors. The bond is issued in dematerialised form and centralised at Euronext Securities Milan (Monte Titoli), and has been admitted to listing on the regulated MOT market of Borsa Italiana.

The bond carries a fixed annual coupon of 3.250% and is issued under CDP's €15 billion Debt Issuance Programme listed on Borsa Italiana. The proceeds will be used by CDP to continue supporting the development of the country, in line with its institutional mission.

The Joint Bookrunners for the transaction were Banca Akros, BNP Paribas, Deutsche Bank, Goldman Sachs International, Intesa Sanpaolo IMI CIB, Santander and UniCredit.

The legal aspects of the transaction were handled internally at CDP by a team coordinated by Maurizio Dainelli, Head of Legal for Investments, Finance and Sustainability, and Alessandro Laurito, Head of Legal for Finance and Sustainability, comprising Nicolò Santoro, Stefania Roma and Lorenzo Cimarra.

CDP was assisted by A&O Shearman, with a team led by partners Alessandra Pala and Cristiano Tommasi, supported by senior associate Elisabetta Rapisarda and associate Eugenio Sabino, with counsel Elia Ferdinando Clarizia handling tax matters.

The pool of Joint Bookrunners was assisted by Clifford Chance, with a team led by partner Gioacchino Foti, supported by counsel Jonathan Astbury and senior associate Benedetta Tola. Tax matters were handled by partner Carlo Galli, with senior associate Andrea Sgrilli and associate Greta Gavazzoni.

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