Innogy over first hurdle in €10bn debt transfer

Ross Lancaster

December 15, 2016 01:15 pm

Gwynt-y-Mor wind farm 230x150 — Prestatyn, United Kingdom. 26th February 2014 -- Survey vessels working on the Gwynt Y Mor wind farm off the North Wales coast have found unexploded bombs on the sea bed. -- Unexploded bombs thought to be dating back to World War II have been discovered near the Gwynt y Mor wind farm, off the North Wales Coast. Wind farm developers RWE Innogy UK are preparing to remove the explosives from the sea bed. Explosives discovered at North Wales wind farm | Geoff Abbott / Demotix/Demotix/Press Association Images

Innogy, the renewables, retail and grids subsidiary of RWE, is on course to be made liable for €10.1bn of bonds issued by its parent, after gaining approval from a majority of bondholders for a consent solicitation this week.

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NatWest Markets Germany Europe EMEA Corporate Bonds High grade and crossover bonds

RL

Ross Lancaster