• US$2 billion dual-tranche green bond: a 10-year tranche of US$ 1 billion with a coupon of 5.125% p.a.; a 30-year tranche of US$ 1 billion with a coupon of 5.875% p.a.
• Funds will be used to finance projects according to RWE’s Green Financing Framework
• High investor demand – order book oversubscribed by more than 5 times

RWE has successfully issued its second green US dollar bond with a total volume of US$2 billion. The bond was issued in two tranches of US$1 billion with 10-year tenor and US$1 billion with 30-year tenor, respectively. For the first tranche, the yield-to-maturity amounts to 5.195%, based on a coupon of 5.125% p.a. and an issuance price of 99.459%. For the second tranche, the yield-to-maturity amounts to 5.921%, based on a coupon of 5.875% p.a. and an issuance price of 99.358%. The issuance was met with very strong interest from investors and the order book was more than 5 times oversubscribed.

This is RWE’s second US dollar green bond placement, following its first US dollar green bond in 2024. RWE plans to issue 3.0-3.5 billion of bonds across currencies per year on average.

The company intends to use the net proceeds for funding of 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.