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.