RWE has successfully issued a further green bond with a total volume of €2bn.
The bond was issued in two tranches of €1bn each with maturities in 2026 and 2030.
For the first tranche, the yield-to-maturity amounts to 2.2%, based on a coupon of 2.125% p.a. and an issuance price of 99.652%.
For the second tranche, the yield-to-maturity amounts to 2.9%, based on a coupon of 2.75% p.a. and an issuance price of 99.287%.
The issuance met with strong interest from investors, RWE said.
In 2021, RWE had already issued two green bonds with a total volume of €1.85bn.
As stated in the RWE Green Bond Framework, wind and solar projects are eligible for green bond funding.
This is in line with the United Nations’ Sustainability Goal number 7 to increase the share of renewable energies in the worldwide electricity mix.
With its strategy “Growing Green”, RWE is massively stepping up the pace and is investing €50bn gross in its core business by 2030, the company said.
It is also expanding its portfolio to 50GW in the attractive markets of Europe, North America, and the Asia-Pacific Region.