The Notes will be linked to the accomplishment of the following sustainability performance targets: 

• 35% reduction of MAIRE Group’s direct and indirect CO2 emissions (Scope 1 and Scope 2 GHG Emissions) compared to the 2018 baseline; 
• 9% reduction of CO2 emissions of MAIRE Group’s suppliers, through the so-called Scope 3 GHG Emissions Intensity in relation to purchased technology-related goods and services, measured as tonnes of CO2 in relation to value added, compared to the 2022 baseline.

If both targets are met within 2025, the annual gross interest rate will remain unchanged until maturity of the Notes. If MAIRE fails to achieve one or both targets, the interest rate shall be increased by 0.25% p.a. for each target that is not met, starting from the interest period commencing on 5 October 2026 (maximum increase of 0.50%), under the terms and conditions described in the Prospectus.

Below you can find the relevant documents regarding the issue of the bond: