Green Bond Fact Sheet

This fact sheet from the Climate Bonds Initiative details a EUR 500 million green bond issued by Cassa Depositi e Prestiti SpA on September 27, 2018, to fund water and wastewater infrastructure in Italy.

• Cassa Depositi e Prestiti SpA issued a senior unsecured green bond on September 27, 2018, with a total amount of EUR 500 million (USD 585 million) and a maturity date of September 27, 2023.
• The proceeds of the bond are dedicated to the modernization and development of water and wastewater infrastructure in Italy, specifically targeting water storage, sewage networks, water treatment facilities, and wastewater treatment plants to address a significant infrastructure gap.
• The bond was issued under a joint Green, Social and Sustainability Bond Framework, which allows the issuer to categorize bonds based on the use of proceeds. This specific deal received a Second Party Opinion from Vigeo Eiris.
• The bond was approximately twice oversubscribed, with pricing fixed at 25 basis points above the reference BTP, which was 10 basis points lower than the initial guidance. Institutional investors drove the demand, with foreign investors accounting for approximately 60%.
• Cassa Depositi e Prestiti SpA is a government-backed National Promotional Institution controlled by the Italian Ministry of Economy and Finance, which holds 82.77% of its share capital.

APA

Climate Bonds Initiative (2018). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2018-09%20IT%20Cassa%20Depositi%20e%20Prestiti%20SpA.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2018. https://www.climatebonds.net/files/drupal-files/files/2018-09%20IT%20Cassa%20Depositi%20e%20Prestiti%20SpA.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=1 October 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2018-09%20IT%20Cassa%20Depositi%20e%20Prestiti%20SpA.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2018green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2018}, month = oct, url = {https://www.climatebonds.net/files/drupal-files/files/2018-09%20IT%20Cassa%20Depositi%20e%20Prestiti%20SpA.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }