Bond Issuance Details
RWE has issued its second US dollar green bond, totaling $2 billion. The issuance consists of two tranches: a 10-year tranche of $1 billion with a 5.125% coupon and a 30-year tranche of $1 billion with a 5.875% coupon. The yield-to-maturity for the 10-year tranche is 5.195%, while the 30-year tranche is 5.921%.
Investor Demand
The bond issuance attracted significant interest, with the order book being oversubscribed by more than five times. This strong demand underscores investor confidence in RWE's financial strategy and green initiatives.
Use of Proceeds
The funds raised will be allocated to projects aligned with RWE's Green Financing Framework. This framework guides the company's investment in sustainable and environmentally friendly projects.
Future Plans
RWE plans to issue between $3.0 billion and $3.5 billion in bonds annually across various currencies. This strategy is part of RWE's broader financial planning to support its investment program.
