Cassa Depositi e Prestiti (Cdp) has successfully completed thebond offering aimed at the retail public, with Required Knowledge that have exceeded 3,5 billion euros approximately 100 thousand subscribers arrived.
The initial amount of 1,5 billion euros was increased to 2 billion due to high interest from savers. There closing of the placement period, originally scheduled for November 7-27, 2023, was then brought forward to November 15th following exceeding the maximum amount offered.
Bonds equal to at least the minimum investment
Each applicant will receive a number of bonds at least equal tominimum investment of 1.000 euros, corresponding to the price of each security. For the amount exceeding this minimum amount, the distribution will be made in accordance with the final conditions of the offer.
Overall, 106.669 requests were received for 3.546.236 bonds from 99.462 applicants. Of these, 2.000.000 bonds were assigned to 99.462 assignees, with a total nominal amount of 2 billion euros.
The initiative, aimed at natural persons resident in Italy, has generated new resources to be allocated to the growth of the country.
Mixed remuneration
Bonds offer a mixed remuneration, with a fixed rate of 5,00% for the first three years and a variable rate, corresponding to the 3-month Euribor increased by 0,90% per year, for the following three years. A tax break with a rate of 12,50% will be applied to them
La issuing date of the titles is December 4, 2023 and will have expires December 4, 2029. The bonds will be traded on the MOT (Mercato Obligazionario Telematico) of Borsa Italiana at the start of trading scheduled after verification of the required requirements. The precise date will be communicated via a notice published on the Cassa Depositi e Prestiti (CDP) website.
Intesa Sanpaolo and UniCredit acted as placement managers and offer coordinators.
