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Cassa depositi e prestiti Spa (Cdp) announces the issue of two bonds of Euro 750 million each.
Such bonds (ISIN code IT0005159329 and IT0005159337), both fixed rated and secured by the Republic of Italy, have maturity, respectively, on 31 December 2019 and on 31 December 2020, and a half-yearly coupon, respectively, of 0.509% per annum and of 0.755% per annum.
The net proceeds deriving from these issues will be used by Cdp to support the so-called “Separate Account”, that is all the activities which, under applicable regulations, may be funded also through Postal Savings (such as lending to Public Entities, support for the economy, public interest infrastructures).
The bonds were placed through private placement and wholly subscribed by Poste Italiane S.p.A. – Patrimonio BancoPosta.