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Milbank LLP advised Cassa Depositi e Prestiti S.p.A. (“CDP”) in connection with its US$1.5 billion aggregate principal amount of notes due 2030. The proceeds from the offering will be used for general funding purposes.
Established in 1850, CDP is Italy’s national promotional and development financial institution. Majority-owned by the Italian Ministry of Economy and Finance, CDP supports the country’s economic growth by financing strategic investments, infrastructure, and innovation, while fostering the development of private businesses in Italy and abroad.
The Milbank team was led by European Leveraged Finance/Capital Markets partners Apostolos Gkoutzinis and Ana Grbec and associates Matteo Bonacina and Luca Mirabile. New York-based Tax partner Andrew Walker and associate Seth Moreida, Washington DC-based Alternative Investments partner Catherine Leef Martin and special counsel Joel Cavanaugh, Washington DC-based Transportation and Space and Global Risk and National Security partner Bijan Ganji, special counsel Pinky Mehta and associate Bridget Golob, and New York-based Executive Compensation and Employee Benefits partner Joel Krasnow also assisted the team.
