Social Bond aimed at financing projects for public education, enhancing educational infrastructure nationwide, supporting the healthcare sector as well as financing SMEs to promote their growth, competitiveness, and employment levels.
CDP strengthens its commitment to sustainable finance, as well as its attention to social cohesion, and confirms itself among the main European players in the ESG bond market with social purposes.
The issue is in line with the Sustainable Development Goals promoted by the United Nations, with particular reference to SDGs 3, 4, and 8 (respectively “Good health and well-being”, “Quality education”, and “Decent work and economic growth”).
The Social Bond is aimed at institutional investors, with a nominal amount of 750 million euros, fixed rate, unsubordinated, unsecured bond with an annual gross coupon of 3.625% and maturity January 2030.
The transaction collected orders of up to 2.5 billion euros, with orders from more than 100 investors, of which about 71% foreign, and a relevant presence of ESG investors.
The initiative is part of the “CDP Green, Social and Sustainability Bond Framework" updated in December 2023, and is in line with the Social Bond Principles published by the International Capital Market Association (ICMA).
Maturity January 2030
Size € 750 mn
Annual coupon 3.625%
CDP Green Social and Sustainability Bond Framework
Second Party Opinion CDP
CDP Social Bond 2024 Deal Review
CDP Social Bond 2024 Investor Presentation
Press Release