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RWE AG
RWE cancels USD 1 billion hybrid bond on earliest possible date



September 5, 2017

RWE is about to cancel a junior hybrid bond that was issued in 2012 on the earliest cancellation date. The cancellation relates to a 1 billion US dollar hybrid bond (ISIN XS0767140022) bearing a 7.00% coupon. The sum to be redeemed is the nominal amount. RWE will exercise its cancellation right with effect from 12 October 2017, 5 years after the issuance of the bond.

"We have strengthened our financial base. This is largely thanks to the successful strategic realignment of RWE and the positive business trend displayed by both conventional electricity generation and energy trading. Therefore, as announced, we are reducing the volume of our hybrid bonds," says Dr Markus Krebber, Chief Financial Officer of RWE AG.

RWE has already redeemed two hybrid bonds with a combined volume of 400 million Swiss francs this year. RWE will not take out any new hybrid bonds for the purpose of refinancing in place of the bond it is about to cancel, either.


RWE Aktiengesellschaft
Investor Relations
London Office
c/o RWE Supply & Trading
60 Threadneedle Street
London EC2R 8HP
United Kingdom
T +44 (0) 20 7015 5459
RWE Aktiengesellschaft
Investor Relations
Altenessener Straße 27
45141 Essen
Germany
T +49 (0) 201-5179-3112

For more information:

Organization:
RWE AG
http://www.rwe.com/


Link http://electricenergyonline.com/detail_news.php?ID=653621
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