RWE successfully issues €1.5 billion Green Bond

• Green bond issued in two tranches totalling €1.5 billion
• Net proceeds will be used to finance projects in accordance with RWE’s Green Financing Framework
• Bond placement met with high investor demand

RWE has successfully issued another green bond with a total volume of €1.5 billion. The bond was issued in two tranches of €750 million each, with a 6-year tenor and a 11-year tenor, respectively. For the first tranche, the yield-to-maturity amounts to 3.497%, based on a coupon of 3.375% p.a. and an issuance price of 99.350%. For the second tranche, the yield-to-maturity amounts to 4.052%, based on a coupon of 4.000% p.a. and an issuance price of 99.546%.

The bond offering was met with strong investor demand, with the order book being oversubscribed several times. RWE intends to use the net proceeds for funding its investment programme in accordance with its Green Financing Framework.

Information on RWE’s outstanding bonds and credit rating can be found here.