Milan, 14 January 2026 – Infrastrutture Wireless Italiane S.p.A. (INWIT, rated BB+ by S&P and BBB- by Fitch) announces that it has successfully completed an additional issuance for a nominal amount of 150 million euros (“Tap Issue”), relating to the 750 million euros bond issued in April 2025 (3.75% coupon and maturity 1 April 2030). The securities were placed at an issue price of 101.364%, implying a yield of 3.393% equivalent to 95 basis points over the mid-swap rate, thereby further improving the terms of the original issuance.
The issue attracted national and international institutional investors of primary standing, generating total demand in excess of 650 million euros and underscoring the strong market confidence in INWIT’s credit profile.
“The reopening of the bond issue” – commented Emilia Trudu, Chief Financial Officer of INWIT- “forms part of our strategy to optimise our debt structure, in order to support our business and take advantage of a particularly favourable market window, while confirming strong investor demand and one of the lowest credit spread we have ever achieved”.
The settlement date has been set for 21 January 2026. From that date, the securities will be listed on the regulated markets of the Luxembourg Stock Exchange and the Italian Stock Exchange. S&P and Fitch are expected to confirm the ratings assigned to the 1 April 2025 bond, respectively BB+ and BBB-.
BNP Paribas, BofA Securities and Mediobanca – Banca di Credito Finanziario S.p.A. acted as Bookrunners for the New Bonds issue.