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Webuild SpA ( (IT:WBD) ) has provided an announcement.
Webuild S.p.A. has successfully priced €450 million in new bonds with a 6-year maturity, attracting significant interest from global and domestic institutional investors. The proceeds will be used to repay existing debt and for general corporate purposes, enhancing the company’s financial stability and extending debt maturities. This move follows an upgrade in Webuild’s credit rating by Fitch, reflecting its solid financial structure. The issuance highlights Webuild’s ability to access favorable financial markets, with over 140 investors showing interest, leading to a demand more than twice the offer. The bonds will be listed on the Global Exchange Market of the Dublin Stock Exchange, reserved for qualified investors.
The most recent analyst rating on (IT:WBD) stock is a Buy with a EUR4.00 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 S.p.A. is a company operating in the construction and civil engineering industry, focusing on large-scale infrastructure projects. It is known for its work in low-risk countries and has a strong presence in the global market.
Average Trading Volume: 1,675,190
Technical Sentiment Signal: Buy
Current Market Cap: €3.37B
For a thorough assessment of WBD stock, go to TipRanks’ Stock Analysis page.