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Published on 7/31/2015 in the Prospect News Liability Management Daily.

RWE to redeem €1.75 billion subordinated fixed-to-floating rate notes

By Tali Rackner

Norfolk, Va., July 31 – RWE AG plans to redeem all €1.75 billion of its 4.625% subordinated fixed-to-floating notes of 2010, according to a notice.

The notes (ISIN: XS0542298012) will be redeemed at par plus remuneration up to, but excluding the redemption date of Sept. 28. The total redemption price will be €1,830,937,500.

RWE is an electric utility based in Essen, Germany.


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