RWE €550 million 3.5% hybrid bond issue

Overview:

• German energy group RWE issued a €550 million hybrid bond.
• The notes have a coupon of 3.5%, mature in April 2025, and are listed on the Luxembourg Stock Exchange. 
• Barclays and Deutsche Bank were joint structuring advisors. 
• Barclays, BofA Merrill Lynch, Deutsche Bank, ING, The Royal Bank of Scotland, Commerzbank, Credit Suisse Helaba, Morgan Stanley, RBC Capital Markets, Santander, GBM, Société Générale Corporate & Investment Banking, and UBS Investment Bank were joint bookrunners and joint lead managers. 

Ben Naylor - Regional Editor