RWE successfully issues new euro-bond with short-term maturity

Bond several times oversubscribed / Total volume of €1.5 billion / Further step to refinance Essent acquisition

Essen, (PresseBox) - On 8 June 2009, RWE placed a new euro-bond with a total volume of €1.5 billion and a term of 2 1/4 years via RWE Finance B.V. The bond was met with lively investor interest and was several times oversubscribed. With this bond RWE secures further refinancing of the planned acquisition of the Dutch utility Essent. With the focus on short-term maturity, RWE is responding to investor interest and simultaneously balancing its maturity profile.

The bond is issued with a coupon of 2.5% p.a. and at an issuance price of 99.504%. The bookrunners of the bond placement are Calyon, Landesbank Baden-Württemberg and Unicredit.

The bond is already available at a minimum increment of €1,000 and as such targets not only institutional investors but also retail investors looking for an attractive return on capital in a reasonable length of time.

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