Cassa Depositi e Prestiti Subscribes to Intesa Sanpaolo Italian Midcaps SME Bond
Posted on 07/09/2021
Cassa Depositi e Prestiti (CDP) subscribed to a 1 billion euro senior unsecured preferred bond that was issued by Intesa Sanpaolo. The money raised will be used by the bank to provide new loans to Italian MidCaps and small and medium-sized enterprises. The bond will have a term of 7 years. The bond will make additional resources available as part of “Motor Italy”. Loans to businesses may have a maximum amount of 25 million euros and a minimum maturity of no less than 24 months including pre-amortization.