Webuild extends debt profile with heavily oversubscribed €500 million bond

Webuild SpA ( (IT:WBD) ) has issued an announcement.

Webuild has completed a liability management transaction combining the placement of a new €500 million bond maturing in 2032 with the repurchase of about half of its outstanding 2027 notes, in a move that attracted peak orders of over €2.5 billion from more than 250 mainly international investors. Strong demand allowed the group to upsize the issue from an initial €400 million and tighten the final yield to 4.50%, effectively eliminating a new issue premium while confirming investors’ confidence in its credit profile and recently upgraded BB+ ratings.

By pushing more than 90% of its debt maturities beyond September 2028 and keeping over 95% of its funding at fixed rates with an average cost of 5.1%, Webuild has strengthened its balance sheet resilience and extended its debt duration in spite of a volatile macroeconomic backdrop. The deal, its first bond issue after surpassing targets in its 2023–2025 industrial plan, supports the company’s capacity to finance a €58.4 billion order backlog and reinforces its positioning as a leading ESG-aligned infrastructure contractor, adding financial heft to the global recognition reflected in its inclusion in TIME’s 2026 list of the most influential companies.

The most recent analyst rating on (IT:WBD) stock is a Buy with a EUR3.40 price target. To see the full list of analyst forecasts on Webuild SpA stock, see the IT:WBD Stock Forecast page.

More about Webuild SpA

Webuild SpA is a global leader in large, complex infrastructure construction, specialising in sustainable mobility, hydropower, water management, and green building, and is a long-standing leader in water-related infrastructure. Active in around 50 countries with about 95,000 people, it has delivered thousands of projects worldwide, including major dams, rail lines, metros, roads, bridges, tunnels and landmark works such as the Grand Ethiopian Renaissance Dam and the expansion of the Panama Canal.

Headquartered in Italy and listed on the Milan Stock Exchange, Webuild reported 2025 revenues of €13.6 billion and an order backlog of €58.4 billion, with more than 95% of its construction backlog aligned to UN Sustainable Development Goals. The company is included in the MIB ESG index and was recently named to the TIME100 Most Influential Companies list, underscoring its role as a preferred contractor for complex, critical infrastructure projects globally.

Average Trading Volume: 3,942,727

Technical Sentiment Signal: Hold

Current Market Cap: €2.76B

Learn more about WBD stock on TipRanks’ Stock Analysis page.