RWE's first US green bonds — two tranches of $1B each (10-year and 30-year maturities) to fund US renewable energy projects across 146 solar, onshore wind, and battery storage sites
First US green bond issuance by RWE. Order books totaled $7.6B (3.8x oversubscribed). Proceeds fund US renewable energy projects: solar, onshore wind, and battery storage. RWE operates 146 projects across the US.
$2.00B
Deal Value
Solar + Storage
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate Debt & Capital Markets
- Seller / Sponsor
- RWE AG
- Buyer / Financier
- Multiple (bond investors)
- Deal Value
- $2B
- Stage
- Multiple
- ISO/RTO
- Multiple
- Source
- ESG Dive
Capital Structure
$2.00B
Total transaction value
Tranches
- Green Bond / Term Note (10-year, 5.875% coupon, maturity 2034) · RWE AG (bond investors)
- $1.00B
- Green Bond / Term Note (30-year, 6.250% coupon, maturity 2054) · RWE AG (bond investors)
- $1.00B
Service Providers
Advisory & Legal
- developerCounsel
- Freshfields
- Lender Counsel
- Clifford Chance
Finance Counterparties
Lenders & Capital Providers
- bookrunner
- BofA Securities; Citigroup; Goldman Sachs; HSBC; J.P. Morgan; Mizuho; Morgan Stanley; RBC Capital Markets
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