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A&O Shearman advises CDP on new senior EUR750 million bond

A&O Shearman advises CDP on new senior EUR750 million bond
Published Date
Jun 4 2026
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Image of Alessandra Pala
Alessandra PalaPartner, Rome
Image of Cristiano Tommasi
Cristiano TommasiPartner, Rome
Image of Elisabetta Rapisarda
Elisabetta RapisardaSenior Associate, Rome
Image of Eugenio Sabino
Eugenio SabinoAssociate, Rome
Image of Elia Ferdinando Clarizia
Elia Ferdinando ClariziaCounsel, Milan

A&O Shearman advised Cassa Depositi e Prestiti S.p.A. (CDP) on the placement of a fixed-rate Senior bond with a nominal value of EUR750 million and a five-year maturity (June 3, 2031). Intended for institutional investors, the bond was issued in dematerialized form and deposited with Euronext Securities Milan (Monte Titoli).

The bond pays a fixed annual coupon of 3.250% and has been admitted to listing on the regulated MOT market of Borsa Italiana. The proceeds of the issuance will be used by CDP to continue supporting the country’s development, in line with its institutional mission.

The bond was issued under CDP’s EUR15 billion Debt Issuance Programme, listed on Borsa Italiana.

The A&O Shearman team advising on the transaction was led by partners Alessandra Pala and Cristiano Tommasi, supported by senior associate Elisabetta Rapisarda and associate Eugenio Sabino, with counsel Elia Ferdinando Clarizia advising on tax matters.

“We are pleased to have supported CDP on this important issuance, which confirms the strength and reliability of CDP’s credit in the institutional market. The success of the placement reflects investors’ confidence in CDP’s mission to support the country’s long-term development.”

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