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This press release does not constitute an offer to sell and / or purchase securities in the United States of America or any other countries where the offer is not allowed without permission of the competent authorities.
CDP announces the creation of a Multi-Currency Commercial Paper Programme
Rome , 23 April 2014 - Cassa depositi e prestiti SpA (CDP) announces it will establish a Multi-Currency Commercial Paper Programme, whose Information Memorandum has been published today.
The commercial paper, which will be issued up to an aggregate amount of EUR 3 billion, will allow CDP to access a new funding source over money market maturities, and represent a new investment product tagged CDP for institutional investors.
The minimum denomination of the securities, which will amount to EUR 100,000 or its approximate equivalent in other currencies, may be increased from time to time in accordance with the contractual terms of each issuance.
CDP may submit an application for admission of the Commercial Papers on the ExtraMOT PRO, Professional Segment of the Market ExtraMOT, multilateral trading facilities operated by the Italian stock exchange (Borsa Italiana SpA).
The arranger of the Program is Citibank International PLC. The dealers are Banca IMI Spa, Bank of America Merrill Lynch International Limited, Barclays Bank PLC, Citibank International PLC, Deutsche Bank AG - London Branch, UBS Limited.
The Program has been assigned CDP’s short-term rating by Moody's, Standard & Poor 's and Fitch Rating Services.
The Information Memorandum, which describes the characteristics of the program is available on CDP’s website, www.cassaddpp.it .
This Program - governed by Italian law (Law no. 43/1994 "Regulation of Financial Bills " , as amended by Law no. 134/2012) - has been set up in accordance with the criteria and requirements established in the Market Convention on Short-Term European Paper (STEP) and will receive its relative certificate of conformity (STEP Label).