Cassa Depositi e Prestiti Issues 500 Million Euro Green Bond with Blockchain-Based Reporting
Deal News | Jun 10, 2025 | Cassa Depositi e Prestiti SpA
Cassa Depositi e Prestiti (CDP) has announced the issuance of its second Green Bond, employing innovative blockchain technology to ensure enhanced transparency and traceability in reporting. This 500 million euro bond is exclusive to institutional investors and marked the first of its kind on Borsa Italiana's Electronic Bond Market (MOT). With remarkable market reception, the bond's demand exceeded expectations, being oversubscribed by five times with foreign investors accounting for 73% of participation. Principal foreign interest originated from France, BeNeLux, the United Kingdom, Germany, Austria, and Switzerland. CDP aims to utilize bond proceeds for impactful environmental initiatives, aligning with its strategic goals to support a Just Transition and enhance Italian industry competitiveness. The bond, part of CDP’s 15 billion euro Debt Issuance Programme, is the first under its new Green, Social, and Sustainability Bond Framework. With a fixed annual coupon of 3.25% and a maturity in June 2033, the bond reflects CDP’s commitment to sustainable financing and innovative practices in the financial sector.
Sectors
- Financial Services
- Blockchain Technology
- Renewable Energy and Sustainability
Geography
- Italy – Cassa Depositi e Prestiti is an Italian entity, and the bond is listed on the Borsa Italiana, reflecting the central geographical focus of the article.
- Europe – Significant international participation from countries such as France, BeNeLux, and the UK makes Europe a pertinent geographical context for this issuance.
Industry
- Financial Services – The issuance of a Green Bond by Cassa Depositi e Prestiti falls squarely within the financial services industry, specifically under the domain of bond markets and institutional investment.
- Blockchain Technology – The innovative use of blockchain for bond reporting and transparency indicates the relevance of the blockchain technology industry in this issuance.
- Renewable Energy and Sustainability – Proceeds from the Green Bond are intended for initiatives promoting renewable energy, energy efficiency, and the circular economy, aligning this article with sustainability-focused industries.
Financials
- 500 million euro – The total value of the Green Bond issuance by CDP.
- 2.5 billion euro – The total orders amount received, indicating the issuance was five times oversubscribed.
- 3.25% – The fixed gross annual coupon rate of the bond.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cassa Depositi e Prestiti SpA | Issuer | Company | An Italian investment bank, CDP is the issuer of the Green Bond in focus. |
| Borsa Italiana | Market | Company | The Italian stock exchange where the bond is listed. |
| CONSOB | Regulator | Government | The Italian regulatory body that approved CDP's medium-long-term debt issuance programme. |
| Banca Akros | Joint Lead Manager and Joint Bookrunner | Company | One of the banks managing and running the bond issuance. |
| BofA Securities | Joint Lead Manager and Joint Bookrunner | Company | One of the banks managing and running the bond issuance. |
| BNP Paribas | Joint Lead Manager and Joint Bookrunner | Company | One of the banks managing and running the bond issuance. |
| Intesa Sanpaolo (IMI CIB Division) | Joint Lead Manager and Joint Bookrunner | Company | One of the banks managing and running the bond issuance. |
| Santander Corporate & Investment Banking | Joint Lead Manager and Joint Bookrunner | Company | One of the banks managing and running the bond issuance. |
| UniCredit | Joint Lead Manager and Joint Bookrunner | Company | One of the banks managing and running the bond issuance. |