RWE has successfully issued its third green US dollar bond with a total volume of US$1.5 billion. The bond was issued in two tranches: US$750 million with a 5-year tenor and US$750 million with a 10-year tenor. For the first tranche, the yield-to-maturity amounts to 5.638%, based on a coupon of 5.625% p.a. and an issuance price of 99.944%. For the second tranche, the yield to maturity amounts to 6.034%, based on a coupon of 6.000% p.a. and an issuance price of 99.747%. The issuance was met with very strong interest from investors, and the order book was more than six times oversubscribed.
This is RWE’s third US dollar green bond, following issuances in 2024 and 2025, reiterating the company’s commitment to regularly accessing the US dollar bond market. RWE plans to issue €3.0 billion to €3.5 billion of bonds in various currencies per year on average.
The company intends to use the net proceeds to fund its investment programme in accordance with its Green Financing Framework 2023.
Information on RWE’s outstanding bonds and credit rating can be found here.
Disclaimer
The Notes and the related guarantee have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold within the United States, or to, or for the account or benefit of, U.S. persons (as defined in Regulation S), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws.