It's selling like hot cakes bonds by Maire Tecnimont. The engineering and chemicals company has launched a senior unsecured sustainability-linked bond with expires October 5, 2028 which already yesterday, Tuesday 26 September, a few minutes after the start, had exceeded the minimum threshold of 120 million euro of subscriptions.
The Maire Tecnimont bond: all the characteristics
It is one of the few bonds aimed at both European institutional investors and investors retail in Italy and Luxembourg.
The offering of the bonds on the market - up to a maximum amount of 200 million - is still underway and will end on 2 October 2023 to 17pm, unless modified, extended or closed early.
It is a bond with a 5-year maturity and with the option of voluntary early repayment starting from the third year. The gross annual interest rate is 6,50% fixed, with a maximum increase of 0,50% in the event of failure to reach specific CO31 emissions reduction targets by 2025 December 2.
The minimum amount that can be subscribed is equal to one thousand euros and there are no one-off costs or other recurring costs charged by Maire to investors.
Today, in Piazza Affari, the title Maire gains 0,77% to 3,668 euros per share.
