New Italian Yankee Bond Projects from Eni S.p.A. and CDP S.p.A.

This quarter brought further expansion into the Italian Yankee bonds market.  

Acupay was selected by Eni S.p.A. (Eni) and Cassa Depositi e Prestiti S.p.A. (CDP) as the Tax Certification and Compliance Agent on their bond issuances totaling $3.75 billion. 

Eni is an Italian integrated energy company that is considered one of the “supermajor” energy companies in the world and is the fifth-largest company in Italy by market capitalization.  The company accessed the market with two tranches: the $1,000,000,000 5.50% Notes due 2034 and $1,250,000,000 5.95% Notes due 2054. Eni continues to show trust in Acupay by choosing it as the Tax Certification and Compliance Agent on its Yankee bonds for the fourth time. 

CDP is a prominent Italian development bank that provides support and financing to high-impact economic, environmental, and social initiatives in strategic sectors both in Italy and in developing markets. The issuance of the $1,500,000,000 5.875% Notes due 2029 marks the second time CDP has partnered with Acupay.  

Both companies rely on Acupay to provide critical tax compliance and relief services that help them access the largest bond market in the world, while enabling global investors to reduce cross-border tax liabilities. 

More information about the Italian Yankee bond programs supported by Acupay, including copies of their DTC Important Notices, can be found on our Italy Resources page. 
 
Contact us today to learn more about the Acupay System and how it is being used to offer cross-border tax compliance and relief solutions to issuers and investors!