Obbligazione CDP S.p.A. 0.75% ( IT0005314544 ) in EUR

Emittente CDP S.p.A.
Prezzo di mercato 100 EUR  ▲ 
Paese  Italia
Codice isin  IT0005314544 ( in EUR )
Tasso d'interesse 0.75% per anno ( pagato 1 volta l'anno)
Scadenza 21/11/2022 - Obbligazione č scaduto



Prospetto opuscolo dell'obbligazione CASSA DEPOSITI E PRESTITI S.P.A IT0005314544 in EUR 0.75%, scaduta


Importo minimo 100 000 EUR
Importo totale 500 000 000 EUR
Descrizione dettagliata Cassa Depositi e Prestiti S.p.A. č una societā pubblica italiana che opera nel settore finanziario, fornendo servizi di investimento e finanziamento a lungo termine a favore dello sviluppo economico e sociale del Paese.

The Obbligazione issued by CDP S.p.A. ( Italy ) , in EUR, with the ISIN code IT0005314544, pays a coupon of 0.75% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 21/11/2022







Cassa depositi e prestiti 500mm 5-year Inaugural Social Bond
On November 14th, 2017 Cassa depositi e prestiti (CDP) successfully priced its inaugural 500m senior unsecured social bond
Transaction summary
Transaction highlights
Issuer
Cassa depositi e prestiti S.p.A. (CDP)
Issuer ratings
Baa2 (M) / BBB (SP) / BBB (F) / A- (Scope)
Transaction Execution:

Issue ratings
Baa2 (M) / BBB (SP) / BBB (F) / A- (Scope)
On Tuesday 14th November 2017, following a pan-European roadshow to introduce its
Documentation
Issued pursuant to a Drawdown Prospectus, under the Issuer's 10bn Debt Issuance Programme
new Social Bond Framework, CDP announced the mandate and the IPT for the intended
Governing law
Italian law
new 5-year Inaugural Social Bond

Format / Type
RegS bearer / Social Bond
Around 10CET the IPT was set at Mid Swap +high 60s for a 500m "no grow" size

Ranking
Senior Unsecured
One hour later, on the back of 1.6bn orders book, the guidance was released at Mid
Size
500mm
Swap +60/65bp

Denomination
100,000 + 100,000
Despite the sensible price revision, books continued to grow; at 12:30CET the final
Pricing Date
14 November 2017
spread was set at Mid Swap +57 on the back of orders in excess of 2.25bn (pre-
Settlement Date
21 November 2017
reconciliation)

Maturity Date
21 November 2022 (5Y)
The books went "subject" at 12:40 involving more than 150 accounts

Coupon
0.750% fixed, annual act/act
The reoffer spread of Mid Swap +57bp implies a 14bp premium over BTP

Reoffer Spread
MS +57bps
Later in the day the deal eventually priced with a coupon of 0.750%
Reoffer Yield
0.783%
Reoffer Price
99.839%
Listing
Luxembourg Stock Exchange
Main Social Features:
This transaction represents the first ever Social Bond issued in Italy as well as the first
Investor allocation by region
Investor allocation by type
Social Bond issued in Europe dedicated to areas affected by natural disasters
Use of Proceeds: "promote sustainable growth, ensuring socioeconomic advancement,
access to financial services and support to employment. Indeed, the proceeds will be
Nordics 3%
Other 4%
Other 2%
CB 5%
directed to fund Italian SMEs eligible under the CDP Social Bond Framework criteria, and
UK 5%
Insurance /PF
consistent with the ICMA Social Bond Principles 2017"
Netherlands
Italy 28%
13%

6%
More specifically the Social framework includes SMEs (including Micro-enterprises)
located in deprived areas of Italy and areas impacted by natural disasters
Iberia 7%
CDP obtained a Second Party Opinion on its inaugural transaction by Vigeo Eiris

Fund
The significant presence of SRI investors in the book is a clear evidence of the market
Switzerland
8%
Managers
recognition of CDP's Social commitment
49%
France 20%
Banks / PB
Germany
31%
19%