Maire Tecnimont ramps up sustainability delta in Schuldschein market
Italian infrastructure engineering firm Maire Tecnimont has brought a sustainability-linked note to the Schuldschein market, the second to be launched this week. However, with this debut issue, the margin rise or fall is larger than the previous two, making it an interesting test for investors.
Banca IMI and UniCredit are arranging the transaction, offering three, five and seven year notes on behalf of the Schuldschein debutant. The spreads offered are 200bp-230bp, 230bp-260bp and 260bp-290bp respectively, but the margins are linked to the company’s sustainability performance around its carbon footprint.According to the ...
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