Press release BoxID: 457829 (RWE AG)
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  • Volker Heck
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RWE issues hybrid bond in Switzerland

Subordinated bond of CHF 250 million / RWE uses market opportunities

(PresseBox) (Essen, ) RWE today successfully launched a hybrid bond with a volume of CHF 250 million, as part of a package of measures announced by the Group in August that are designed, amongst other things, to improve its capital structure. The bond has a nominal term of just over 60 years. It is aimed solely at investors residing in Switzerland and institutional investors and may not be called by RWE before April 2017. The bond has a coupon of 5.25% p.a. and an issuance price of 100 %.

The Group opted for this placement because the Swiss bond market offers currently a stable and attractive investment environment. As RWE Chief Financial Officer Dr. Rolf Pohlig said:

"We are pleased with the interest shown in the hybrid bond. It not only indicates that investors have faith in RWE, but also demonstrates our ability to respond flexibly to market opportunities." RWE's bond is the first hybrid bond launched by a German industrial enterprise on the Swiss capital market.

The hybrid bond is a mix of equity and debt and will improve the capital structure of the Group. "Despite the prevailing difficulties of the European market environment, RWE is proceeding with step-by-step implementation of the package of measures announced earlier in the year", added Rolf Pohlig. In addition, RWE has expanded its investor base with this bond.


This press release does not constitute either an offer to sell or an invitation to buy RWE Aktiengesellschaft securities. This press release does not constitute a prospectus in the sense of articles 652a and/or 1156 of the Swiss Code of Obligations, or does it constitute a listing prospectus as per the listing regulations of the SIX Swiss Exchange. Publication of this press release, the product offered and the sale of debentures of this bond may be subject to restrictions in certain jurisdictions. All readers of this press release are personally responsible for obtaining and observing any such information about restrictions that may apply to them. This press release and the information contained in it may not be forwarded to or distributed within the United States an may not be forwarded to non-qualified investors in the member States of the European Economic Area. Nothing in this press release constitutes an offer of securities for sale in the United States or in the member States of the European Economic Area or any other jurisdiction where it is unlawful to do so. The securities of RWE Aktiengesellschaft have not been, and will not be, registered under the U.S. SECURITIES ACT of 1933 or the securities laws of any state of the U.S. and the securities may not be offered or sold within the U.S. or to, or for the account or benefit of, U.S. persons.