01/19/2022 Webuild SpA (IPGIM) EUR400m Reg S bearer sr sustainability-linked notes due July 28, 2026 (4.5y). NCL (MWC B+50bp) (6mo par call). NR/BB-/BB (--/stable/stable). Via BofA/GS/IMI (B&D)/Natixis/UniCredit jt physical books (and ESG structuring advisors), Banca-Akros, BBVA, BNP as co-managers. Annual pay (Act/Act). List Dublin. English law. Settles 01/28 (T+7). Reg S ISIN: XS2437324333. SPT: achieving Carbon Intensity (Scope 1 & 2) in tCO2-eq/EURM: -50% in 2025 (12/31/25) vs Baseline 2017. S-L premium payment: EUR7.50 per bond payable at maturity or redemption date if the SPT is not met. Second party opinion provided by Vigeo Eiris (V.E.). IPT 4% area. Px talk: 4% area (at par). Priced: 3.875% at 100, yield 3.879%. ms+378bp. +427.2bp vs DBR 0.50% 02/15/26. Did investor calls 01/17-01/18. Books closed at 1pm UKT 01/19. UOP repay bank debt, GCP. Biz: an Italian global player in construction industry specialized in complex infrastructure for the sustainable mobility, hydroelectric energy, water and green buildings sectors. HQ: Rozzano (Milan), Italy.