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IN BRIEF: RWE issues inaugural US dollar green bond of USD2 billion
RWE AG - Essen, Germany-based generator of electricity from wind, solar, hydro, biomass, gas, coal and nuclear power sources - Issues inaugural US dollar green bond, noting a "significant" step into US debt financing. It is a USD2 billion dual tranche green bond, with maturities of 10 and 30 years and a coupon of 5.875% and 6.25%. "Funds will be used to finance renewable energies projects according to RWE's green financing framework," RWE says. It emphasises high investor demand, as the bond is oversubscribed 3.8 times. Chief Financial Officer Michael Muller says: "With our first US green bond, we are expanding our sustainable financing. Going forward, we plan to be a regular issuer in both Euro and US markets. The US stands as our largest market outside of Europe where we have more than doubled our net installed capacity since 2020 to 9 gigawatts today."
Current stock price: EUR31.34
12-month change: down 24%
By Tom Budszus, Alliance News slot editor
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