EQUITA assisted Maire

EQUITA SIM - Debt Capital Markets Advisory
Maire (700x1050)
Maire (700x1050)

Milan, September 29th, 2023 MAIRE Tecnimont S.p.A., – engineering group that develops and implements innovative technologies for fertilizers, hydrogen and carbon capture, fuels and chemicals, and polymers – announced on September 28th, 2023, the early termination of the offering of its “Senior Unsecured Sustainability-Linked Notes Due 5 October 2028”, the first Euronext Milan Bond issue of 2023.

The placement, which terminated in just three days by having reached the maximum threshold of €200 million, confirmed the appeal of MAIRE among institutional investors as well as retail investors, the latters subscribing the offering through private banking networks and home banking platforms.

This is the first ESG bond issued by MAIRE and the second one with EQUITA acting as advisor of the company, following the €164 million offering closed in 2018. The funds raised on capital markets will strengthen MAIRE’s commitment in energy transition, as outlined in its 10-year strategic plan "Unbox the Future" announced in March 2023.

The bond includes specific targets linked to decarbonization as of December 31st, 2025 (including a reduction of direct and suppliers’ CO2 emissions by 35% and 9% respectively) and a step-up mechanism which will result in higher interest rates if targets are not met.

EQUITA acted as Placement Agent and Joint Bookrunner of this Euronext Milan Bond offering. The transaction confirms EQUITA’s leading position as independent financial advisor to corporates and its strong track-record in raising financial resources on capital markets on behalf of its clients, even in volatile market environments such as the current one, characterized by several Government bond offerings.

The transaction in a nutshell

MAIRE  Tombstone

Maximum threshold reached in just three days, with significant participation of retail investors in the offering. EQUITA acted as placement agent

MAIRE Tecnimont S.p.A.
September 2023
Sustainability-Linked Bond
Placement Agent and Joint Bookrunner
€ 200 m
Debt Capital Markets – DCM

The Company

MAIRE S.p.A. leads a technology and engineering group that develops and implements innovative solutions to enable the Energy Transition. We offer Sustainable Technology Solutions and Integrated E&C Solutions in nitrogen fertilizers, hydrogen, circular carbon, fuels, chemicals, and polymers. MAIRE creates value in 45 countries and relies on over 7,000 employees, supported by over 20,000 people engaged in its projects worldwide.