Cassa Depositi e Prestiti returns to the ESG issue market by successfully placing a new Social issue for a nominal amount of 750 million euros, reserved for institutional investors.
The operation recorded total requests of up to 2.5 billion euros, received from over 100 investors.
The final allocation - according to a note from CDP - saw the participation of 29% Italian investors and 71% foreign investors, in particular France (38%), Germany/Austria/Switzerland (10%), the United Kingdom (9 %), Middle East (7%), Spain and Portugal (3%), and a presence of ESG investors equal to approximately 65% of the amount allocated.
It is CDP's tenth ESG issue starting from 2017 and "the funds will be used, for example, to finance public education projects, aimed at strengthening educational infrastructures throughout the national territory, supporting the healthcare sector, as well as financing SMEs, with the aim of supporting their growth, competitiveness and employment levels.
The issue is in line with CDP's commitments to the Sustainable Development Goals promoted by the United Nations".
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