EMTN / Debt Issuance Programme (DIP)

RWEs "Euro Medium Term Notes" (EMTN), also called "Debt Issuance Programme" (DIP), is a flexible financing instrument to issue senior bonds and private placements. it is our major tool for long-term refinancing on the capital market. Generally, we use our subsidiary RWE Finance B.V. to issue bonds, guaranteed by RWE AG.

IssuerRWE AG or RWE Finance B.V. (wholly-owned subsidiary of RWE AG)
GuarantorRWE AG (for RWE Finance B.V.)
VolumeEUR 30 billion, no restrictions on currencies
TermUp to 30 years
IssuancePublic bonds or private placements; unsecured and unsubordinated, no financial covenants
ListingLuxembourg SE, passporting to Germany and the Netherlands
DocumentationUpdated once a year with one year validity

Here you may find all relevant details on RWE’s Debt issuance Programme.