INWIT Raises €850 Million in First Sustainability-Linked Bond, Strengthening ESG and Financial Strategy

INWIT, Infrastrutture Wireless Italiane, has successfully placed its first sustainability-linked bond of €850 million, receiving demand for more than three times the amount offered. The transaction, intended exclusively for institutional investors, represents a decisive step in the financial and sustainability strategy of the leading Italian telecommunications infrastructure company.

The new fixed-rate bond, with a coupon of 3.625% and a maturity of seven years , is part of INWIT’s Euro Medium Term Notes (EMTN) Programme and will be listed on both the Luxembourg Stock Exchange and the Italian Stock Exchange. The strong demand, amounting to over €2.75 billion from more than 170 leading national and international investors , confirms the group’s financial solidity and ESG credibility.

Strong investor demand triples offering size as INWIT advances its 2030 carbon reduction goals and optimizes debt structure through new €850 million bond issuance

The bond is linked to the Scope 1, 2, and 3 carbon dioxide emission reduction targets for 2030, as set out in the Sustainability-Linked Financing Framework and in line with the company’s Sustainability Plan. The goal is to integrate environmental and social criteria into the funding strategy, creating long-term value for shareholders and stakeholders.

“This issuance ,” commented Emilia Trudu (pictured), INWIT’s Chief Financial Officer , ” is part of our process of optimizing debt maturities and maintaining a solid financial structure. The placement outcome confirms the market’s appreciation of our credit profile and demonstrates INWIT’s ongoing commitment to integrating sustainability into financial management.”

The bond has a yield of 3.772%, equal to 125 basis points above the mid-swap rate, and an issue price set at 99.11%. The settlement date is scheduled for October 13, 2025, with maturity set for October 13, 2032.

In conjunction with the placement, the company announced a tender offer for the cash repurchase of the €1,000,000,000 1.875% Notes maturing on July 8, 2026. The maximum repurchase amount is set at €700 million, equal to the total value of the outstanding notes, with the offering closing on October 10, 2025.

The transaction was managed by a pool of top-tier international banks – Banca Akros, BBVA, BNP Paribas, BofA Securities, Crédit Agricole CIB, IMI – Intesa Sanpaolo, Mediobanca, Morgan Stanley, SMBC and UniCredit Bank GmbH – acting as Joint Lead Managers.

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(Featured image by Nicholas Cappello via Unsplash)

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