we receive e we publish the following Press release spread by CDP.
Cassa Depositi e Prestiti SpA (CDP) returns to the US capital market and successfully places the his fourth Yankee Bond, with ua $1 billion issue reserved for US and international institutional investors.
The operation recorded a question of high quality, led by leading institutional investors. orders They raised approximately $2,4 billion, or 2,4 times the offering.
The issue was also characterized by a significant diversification Geographic, with 90% of the final allocation going to foreign investors. Of these, over 50% come from the United States, followed by Switzerland (13%), the Middle East (10%), the Nordic countries (5%), the United Kingdom (4%), and the Iberian Peninsula (3%).
With this transaction, CDP further consolidates its position as a leading issuer on international capital markets, while expanding its investor base and continuing to diversify its funding sources. The issuance will enable CDP to directly support the exports of Italian companies, including through export finance activities.
The title provides a gross annual fixed-rate coupon of 5,50% e a 5-year maturityA rating of BBB+ is expected from S&P and BBB+ from Fitch.
The transaction was handled by a syndicate of banks acting as Joint Bookrunners, composed of BNP Paribas, BofA Securities, Citigroup, Goldman Sachs International, Intesa Sanpaolo (IMI CIB Division), JP Morgan, Morgan Stanley and UniCredit.
JP Morgan and Citigroup also acted as Global Coordinators for the transaction.
