RWE’s senior and hybrid bonds at a glance

At the end of February 2017, we successfully completed the legal transfer of our debt from senior bonds to innogy: bond restructuring

This transaction had been initiated immediately after the IPO of our subsidiary. As a result, innogy has replaced RWE AG as the guarantor for the public senior bonds and as the debtor for the privately placed bonds. Just a small residual amount of the private placement remained with RWE AG.

CurrencyVolume in millionMaturity date Coupon (%)       German Securities Code           ISIN Code Further information 
EUR32.026.10.20373.500A1PGV8XS0826313990-

RWE has also issued the following hybrid bonds:

CurrencyVolume in millionFirst call dateCoupon (%)German Securities CodeISIN Codefurther information
GBP750.020.03.20197.000A1ML0GXS0652913988Link
EUR539.021.10.20202.750A14KAAXS1219498141Link
EUR281.721.04.20253.500A14KABXS1219499032Link
USD317.430.03.20266.625A13SHXXS1254119750Link

 

On 15 September 2015, RWE Aktiengesellschaft has undertaken to the respective holders of the securities that are listed in the document below as third party beneficiaries according to § 328 para. 1 German Civil Code that it will make a tender offer pursuant to which it will offer to repurchase the securities at their respective principal amounts plus any interest accrued until the day of completion of the repurchase if a change of control event has occurred.
The undertaking to effect a Tender Offer of RWE Aktiengesellschaft replaces an undertaking to effect a tender offer dated 24. September 2010, which was time limited and which expires on 28 September 2015 upon the repayment of the hybrid bond issued on 28. September 2010 (ISIN XS0542298012).

15.09.2015 - Post-Admission Duties Announcement according to Article 30e of the WpHG

 

For the complete text of the undertaking to effect a tender offer please see:

15.09.2015 - RWE AG Undertaking to effect a tender offer following a change of control event (PDF | 2.1 MB)

 

Declaration of Waiver and S&P Statement:

Notice regarding the following Subordinated Notes:

EUR 700,000,000 Subordinated Notes issued on 14 April 2015 (XS1219498141),
EUR 550,000,000 Subordinated Notes issued on 14 April 2015 (XS1219499032) and
USD 500,000,000 Subordinated Notes issued on 23 July 2015 (XS1254119750)

Declaration of Waiver:

Waiver of a certain call right pursuant to § 5(2) of the Terms and Conditions of the Subordinated Notes (PDF | 87 KB)

S&P Statement:

German Utility RWE AG Hybrid Equity Content Revised To Intermediate (PDF | 0.3 MB)