RWE will redeem a subordinated hybrid bond for €539 million on 21 October, 2020, the earliest possible redemption date. The bond (ISIN XS1219498141) with a coupon of 2.75% was issued in April 2015. In 2017, RWE reduced the bond's initial nominal volume of €700 million to today's level by buying back the bonds. The bond conditions stipulate that RWE can exercise its right to call the bond for the first time five and a half years after its issue. The company is now exercising this option. There are no plans to refinance the bond by raising new hybrid capital.

Only two hybrid bonds issued by RWE are outstanding: one for €282 million and one for $317 million. The earliest they can be redeemed is April 2025 and March 2026, respectively.

RWE AG veröffentlichte diesen Inhalt am 04 September 2020 und ist allein verantwortlich für die darin enthaltenen Informationen.
Unverändert und nicht überarbeitet weiter verbreitet am 04 September 2020 08:28:01 UTC.

Originaldokumenthttps://www.group.rwe/en/press/rwe-ag/2020-09-04-rwe-redeems-euro-539-million-hybrid-bond-on-first-call-date

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