(Telestock) – Mundysa company active in the sector of motorway and airport infrastructures and mobility-related services, has successfully launched the second Sustainability-Linked Bond of 500 million euros with a maturity of 5.5 years.
The new issue will allow Mundys to reduce the amount of debt maturing in the short termincluding the bonds maturing in February 2025 currently subject to the tender offer announced today, July 15, 2024.
The main conditions for the new issue are: confirmed rating at Ba2 (Moody’s)/BB+ (S&P)/BB (Fitch); duration 5.5 years; fixed coupon 4.5%; issue price 99.43%; Premium Payment for a maximum cumulative amount equal to 0.75% in the event of failure to achieve the objectives (KPI 1 Condition and KPI 2 Condition), envisaged in the EMTN Programme (both KPIs are aimed at measuring the progress of the Group’s decarbonisation roadmap by 2030).
Mundys named, among others, Deutsche Bank, JPMorgan, General Society And UniCredit as Global Coordinators and Active Bookrunners, Credit Agricole, Intesa SanpaoloSMBC and Mediobanca which Active Bookrunners and Banca Akros, Barclays, BNP-Paribas, BofA, BPER and RBC as Other Bookrunners.