(Finance) – Webuilda big Italian construction and engineering company, has announced that the total principal amount of the New Bonds is equal to 500 million euros with a subscription price equal to 100% of their nominal value. The maturity date of the New Bonds is April 30, 2030 and the related annual coupon is 4.875%.
The results achieved with this new operation have shown a strong appreciation of Webuild by the national and international financial community, with interest received from over 170 investors, and a request equal to approximately 2 times the offerwhich made it possible to reduce the final rate applied compared to the initial launch rate. Demand from international investors took on particular importance, over 70% of the total, coming mainly from the United Kingdom, Germany and France.
The issuance of the New Bonds, combined with the operation launched in June 2024, allowed Webuild to accelerate the rescheduling of debt maturitiesextending its average life, and to manage corporate debt maturities expected between 2024 and 2026 well in advance.
The issuance of the New Bonds is scheduled for October 31st 2024 and the purchase of the 2025 Bonds and the 2026 Bonds of which the company accepts the tender offer is scheduled for the same date.
Akros Bank, BNP Paribas, BofA, Goldman Sachs, HSBC, Intesa Sanpaolo, JPMorgan Natixis e UniCredit they act in the capacity of Joint Lead Managers.