(Finance) – Cassa Depositi e Prestiti announces that it has availed itself of the option to increase the overall nominal value of the offer of bonds reserved for the retail market from 1.5 billion euros up to the maximum amount of 2 billion euros. Up to a total of 2 million bonds will therefore be issued with a nominal value of 1,000 euros each. The decision was made in accordance with Intesa Sanpaolo And UniCredit as placement managers and coordinators of the offer, following the positive trend in demand from savers in the first four days of placement.
The offer, intended for natural persons resident in Italy, started on Tuesday 7 November and will end on 27 November (unless it closes early), allowing the collection of new resources to be allocated to the growth of the country. The securities can be subscribed to a network of 24 banks and provide a mixed remuneration: a fixed rate of 5.00% for the first three years and variable, equal to the 3-month Euribor increased by at least 0.90% per annum, for the next three. A preferential tax rate of 12.50% will be applied to the bonds, maturing in 2029 and traded on the regulated market of the Italian Stock Exchange.