German energy group RWE has completed its second US dollar-denominated green bond issuance, raising a total of US$2 billion. The offering, which drew orders more than five times its size, was split into two tranches: a US$1 billion 10-year note and a US$1 billion 30-year note.
The 10-year tranche was priced with a coupon of 5.125% per annum, producing a yield-to-maturity of 5.195% at an issue price of 99.459%. The 30-year tranche carried a 5.875% coupon, translating into a yield-to-maturity of 5.921% at an issue price of 99.358%.
This marks RWE’s second green bond placement in US dollars, following its debut in 2024. The company has indicated that it expects to issue between €3 billion and €3.5 billion in bonds annually across multiple currencies.
Proceeds from the latest transaction will be allocated to RWE’s investment programme, in line with its 2023 Green Financing Framework, which channels funding towards projects that support the energy transition.
