Cdp: launches first social housing bond, 750 mln issue

(ANSA) - ROME, FEB 4 - Cdp "today launched the first Italian Social Bond dedicated to Social Housing, intended for institutional investors, for an amount of € 750 million" on the capital market ". The funds raised "will be used to support social housing projects with initiatives dedicated to those weaker sections of the population, lacking the requirements to access public housing lists but who are unable to satisfy their housing needs on the market for reasons economic or for the absence of an adequate offer ".
"The success of the issue - comments CEO Fabrizio Palermo - further strengthens our commitment to social housing, confirms Cdp as a reference model for the sustainable development of our country, in line with the 2019-2021 industrial plan. Social Housing Indeed, Bond represents a new and important part of a strategy aimed at creating shared value, integrating environmental and social assessment criteria into CDP's activities, with the aim of providing a tangible contribution to achieving the objectives of the UN 2030 Agenda. ".
The operation - indicates the Cassa - recorded the record number of requests and investors since the debut of Cdp on the capital market. The issue, aimed primarily at so-called 'socially responsible investors', was accepted by over 270 investors, 65% of whom were from abroad. (ANSA).