ESSEN, GERMANY – June 20, 2024 – RWE AG has bolstered its US debt financing with the successful issuance of a US$2 billion green bond, marking its second offering in this market this year. The bond was allocated in two tranches: a US$1 billion tranche with a 10-year tenor and a US$1 billion tranche with a 30-year tenor.
The 10-year tranche yielded a yield-to-maturity of 5.195%, based on a 5.125% annual coupon and an issuance price of 99.459%. The 30-year tranche yielded 5.921%, calculated from a 5.875% annual coupon and a price of 99.358%.Investor demand significantly exceeded supply, with the order book oversubscribed by more than five times.
This issuance follows RWE’s inaugural US dollar green bond placement in April 2024. The company anticipates issuing an average of €3.0-3.5 billion in bonds across various currencies annually.
Net proceeds from the bond sale will fund RWE’s investment program, aligned with the company’s Green Financing Framework 2023.
Further details on RWE’s outstanding bonds and credit ratings are available 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.
