09/20/2023 Webuild SpA (IPGIM) EUR450m (up from EUR400m) Reg S bearer sr unsec notes due 09/27/28 (5y). NCL (MWC B+50bp) (6mo par call (03/27/28). NR/BB/BB (--/stable/stable). Via BofA (B&D)/BNP/GS/HSBC/IMI/Natixis/UniCredit jt physical books. List Dublin. English law. Annual pay (act/act). Settles 09/27 (T+5). ISIN: XS26819402970. IPT: low 7%. Px talk: 7.375 area (+/- 12.5bp). Final terms: EUR450m 7.00% coupon at 98.982, yield 7.25%. Priced: 7.00% at 98.982, yield 7.25%. +456bp vs DBR 0.25% 08/15/28. Fixed income investor calls 09/18-19. Books closed at 2:30pm UKT 09/20. Reconfirms were due by 4pm UKT 09/20. BNP Paribas and Natixis coordinated logistics. UOP: fund the Tender Offer for its outstanding EUR500m 1.750% notes due 10/26/24 (ISIN: XS1707063589) at 98.10 purchase price and EUR750m 5.875% notes due 12/15/25 (ISIN: XS2271356201) at 101.10 purchase price, and for GCP. Biz: a global player in the construction industry specializing in complex infrastructure for sustainable mobility, hydroelectric energy, water and green buildings sectors: HQ: Rozzano (Milan), Italy.