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CDP launches a 1,5 billion retail bond: fixed rate of 5% for the first three years and variable in the following years

The placement will start on November 7th and end on the 27th of the month. The minimum investment is one thousand euros and the securities can be subscribed to a network of 24 banks

CDP launches a 1,5 billion retail bond: fixed rate of 5% for the first three years and variable in the following years

Cassa Depositi e Prestiti back on the market retail with a new one bond, the third in its history after those launched in 2015 and 2019. The placement, announced by the group led by Dario Scannapieco, will start on November 7 and end on November 27, except in the case of early closure. The total amount is 1,5 billion euros, the same size also made available in the two previous issues. The six-year bond (expiring in 2029) will have a fixed rate of 5% for the first three years e variable in the following three, equal to the 3-month Euribor increased by at least 0,90% per annum. The definitive margin will be set at the end of the placement period.

Cdp retail bond: minimum denomination of one thousand euros

The minimum investment is One thousand Euro, equal to the nominal value of each bond. Substitute tax at the preferential rate of 12,50% will be applied to interest and other income received by subscribers.

Intesa Sanpaolo e Unicredit they are responsible for placement and coordinators of the offer. The list of distributors, a network of 24 banks, is contained in the definitive conditions relating to the offer, published and available for consultation on the dedicated page of the Cdp website.

I proceeds of the retail bond loan, explains a note, will allow further resources to be allocated to support businesses, territory and infrastructure with the aim, in line with the 2022 - 2024 strategic plan, of concretely contributing to the growth of the country.

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