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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
SSA
PRCD
CDEP
Cassa Depositi e Prestiti SpA (CDP)€750
1EMEA
Feb 9, 2026
currency
EUR
size (m)
750.000
maturity
Feb 16, 2034
type
Fixed
tenor
8.000
call
-
registration
Reg S Only
benchmark
BTP
ranking
Sr. Unsecured
moody's
-
s&p
BBB+
fitch
BBB+
size description
-
re-open/tap
No
ipt
BTP+26 area
ipt-pxd
-7
guidance
BTP+20 area
spread
19
coupon
3.375%
spread set
-
price
99.82700
yield
3.40%
book size (m)
4,500
peak book (m)
4,600
x-covered
6
book attrition
-2.17%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
4,500
peak book (m)
4,600
x-covered
6
book attrition
-2.17%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 4500; Registration: Reg S Only; Comments: EUR750m 8yr cpn fxd 3.375% at 99.827, yld 3.40%. Spread: BTPS 4.2% 03/01/2034 +19bps mid (107.16 /3.21%) HR 95%. LEI: 81560029E2CE4D14F425;
Deal Comments
Social Bond Reoffer: 8yr: BTPS+19bp / 99.827 / 3.40% Benchmark: BTPS 4.2% 01-Mar-34 +19bps mid (107.16 /3.21%) HR 95% Final Books: Final Books in excess of €4.5bn (incl. €145m JLM interest) Launched: €750m @ BTPS+19bp - Orderbooks in excess of €4.2bn (including €145m JLM) IPTs: 8yr: BTPS+26a Issuer: Cassa Depositi e Prestiti S.p.A. (Ticker: CDEP, Country: IT) LEI: 81560029E2CE4D14F425 Issuer Ratings: Baa2 Stable by Moody's / BBB+ Positive by S&P / BBB+ Stable by Fitch / BBB+ Positive by Scope Exp.Issue Ratings: BBB+ by S&P / BBB+ by Fitch / BBB+ by Scope Status: Senior Unsecured Format: Reg S Bearer, Dematerialised Size: €750m Settlement: 16-Feb-26 (T+5) Maturity: 16-Feb-34 Coupon: 3.375% Fixed, Annual, act/act ICMA Listing: Borsa Italiana S.p.A. (M.O.T.) (Regulated Market) Gov. Law: Italian Law Denoms: €100k x €100k Docs: Debt Issuance Programme, Base Prospectus dated 07-May-25 and the Supplements to the Base Prospectus dated 22-Sep-25 and 23-Jan-26 Clearing: Euronext Securities Milan (Monte Titoli) Bookrunners: BBVA, BofA Securities, Crédit Agricole CIB, IMI-Intesa Sanpaolo, Morgan Stanley (B&D), Natixis and UniCredit Target Market: Eligible Counterparties and Professional clients only (all distribution channels). No EU PRIIPs or UK PRIIPS key information document (KID) has been prepared as not available to retail in EEA or the UK ISIN: IT0005695553 Use of Proceeds: The proceeds received by CDP from the issuance of the Notes (the Proceeds) will be used to finance or re-finance, in whole or in part, new and/or existing Eligible Social Assets in the Eligible Social Categories that meet the Eligibility Criteria - as further described in the Issuer’s Green, Social and Sustainability Bond Framework. The Green, Social and Sustainability Bond Framework as well as the relevant SPO are available on https://www.cdp.it/sitointernet/en/green_social_sust_bonds.page Advertisement: This communication is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/ 1129 and underlying legislation. The Debt Issuance Programme’s Base Prospectus and relevant supplements thereto are available on https://www.cdp.it/sitointernet/en/dept_issuance_programme.page and the Final Terms, when published, will be available on https://www.cdp.it/sitointernet/en/debt_issuance_programme.page and on https://live.euronext.com/en/product/bonds-detail/28928/documents Marketing: An investor presentation is available on the Issuer’s website at https://www.cdp.it/internet/public/cms/documents/Social-Bond-2026-Investor-Presentation.pdf Fees: A fee will be paid by the Issuer to the Bookrunners in association with this transaction Timing: TOE: 15.47 CET|14.47 UKT/ FTT immediately
Use of Proceeds
To finance Eligible Social Assets

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