Essen,
06
October
2017
|
11:34
Europe/Amsterdam

Tender phase for hybrid buyback successfully completed

RWE's offer to buy back hybrid bonds outstanding within the scope of a tender offer was well received and accepted by a large number of investors. A total of 585 million euros in bonds will be bought back as of 10 October 2017. The bonds to be bought back were selected primarily based on yield considerations. As a result, RWE expects interest payments to be reduced in subsequent years.

On 26 September, RWE had announced that it would buy back a portion of its hybrid bonds outstanding within the scope of a tender offer. The offer related to those four RWE hybrid bonds, which cannot be cancelled until after 2017.

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