RWE completes €2bn hybrid issuance with more Sfr, no euros
RWE, the German power company, returned to the Swiss franc market on Thursday to sell a Sfr150m hybrid capital bond. The successful sale completed a €2bn round of hybrid capital-raising that RWE announced last August to defend its credit ratings, hit by Germany’s sudden abandonment of nuclear power after the Fukushima disaster in March 2011.
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