INWIT completes €850 million sustainability-linked bond issuance
Posted on Oct 15, 2025
Infrastrutture Wireless Italiane S.p.A. (INWIT) has completed the placement of its first sustainability-linked bond for a total amount of €850 million and a 7-year maturity (October 13, 2032), aimed at institutional investors.
The bond carries a fixed annual coupon of 3.625%, is documented under INWIT's Euro Medium Term Notes program, and has been listed on both the regulated markets of the Luxembourg Stock Exchange and Borsa Italiana.
At the same time, on October 6, 2025, INWIT announced a cash tender offer for the holders of the “€1,000,000,000 1.875 per cent. Notes” due July 8, 2026 (ISIN XS2200215213) (the “Tender Offer”). The offer period for the Tender Offer closed on October 10, 2025.
In connection with both transactions, Linklaters assisted INWIT, while A&O Shearman advised the Joint Lead Managers — Banca Akros, BBVA, BNP Paribas, BofA Securities, Crédit Agricole CIB, IMI – Intesa Sanpaolo, Mediobanca – Banca di Credito Finanziario S.p.A., Morgan Stanley, SMBC, and UniCredit Bank GmbH.
The A&O Shearman team was led by partners Cristiano Tommasi and Alessandra Pala, supported by counsel Sarah Capella, associate Marco Mazzurco, and trainee Lisa Avitabile. Counsel Elia Ferdinando Clarizia handled the tax aspects of the transaction.
Linklaters acted with a team coordinated by partner Ugo Orsini and counsel Linda Taylor, supported by managing associates Laura Le Masurier and Matteo Pozzi, and associate Leonardo Agostini.
