Tender phase for hybrid buyback successfully completed
Essen, 06 October 2017
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.