(Alliance News) - Cassa Depositi e Prestiti Spa has placed a new EUR750 million bond issue aimed at institutional investors, with demand exceeding the offer by more than four times.

The transaction involves a five-year fixed-rate bond with a gross annual coupon of 3.250%, maturing in June 2031.

The issuance attracted total orders of EUR3.6 billion from over 80 investors, confirming strong international market appetite for CDP debt. Foreign investors accounted for 93% of the total allocation, with a particularly broad geographical distribution across the UK, Iberia, France, the DACH region, Benelux, the Nordics, Asia, and the Middle East.

The operation is part of the company's 2025-2027 Strategic Plan, which aims to strengthen access to capital markets and broaden the institutional investor base. The bond was issued under the EUR15 billion Debt Issuance Programme listed on Borsa Italiana.

According to CDP, the proceeds will be used to support the country's economic development activities in line with the group's institutional mission.

The security is expected to be rated BBB+ by S&P Global Ratings, Fitch Ratings, and Scope Ratings.

Banca Akros, BNP Paribas, Deutsche Bank, Goldman Sachs International, Intesa Sanpaolo via its IMI CIB division, Banco Santander, and UniCredit acted as Joint Bookrunners for the transaction.

By Maurizio Carta, Alliance News reporter

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