La Cassa Depositi e Prestiti successfully concluded the launch of afixed rate bond unsubordinated and unsecured. The aggregate nominal value of the securities is 750 million euro. The securities expire on 7 years, an annual coupon equal to 2,75% and a re-offer price of 99.799%. They will be traded on the Luxembourg Stock Exchange and are rated BBB+ by Fitch, Baa2 by Moody's and BBB by Standard & Poor's. Good demand: the amount of orders received from 155 investors was approximately 1,550 million euro.
The issue is part of CdP's euro medium term notes program listed on the Luxembourg Stock Exchange and reserved for institutional investors. The resources collected through the placement will be used by Cdp to finance the uses of the separately managed account, i.e. all those activities that can also be financed through postal savings (such as direct financing for public bodies, support for the economy, public interest).
Approximately 65% of the bond was placed with investment funds and insurance companies and the remaining 35% with banks. 38% of the issue was sold in Italy, 21% in France, 12% in Germany, 9% in the United Kingdom, 4% in Spain, 4% in Switzerland and the remaining 12% in other countries Europeans and Asians. Credit Agricole, JP Morgan, Nomura, UBS and UniCredit acted as Joint Lead Managers and Joint Bookrunners of the transaction.
