RWE takes €2.1bn, investors get big discount

RWE raised €2.1bn selling new and treasury shares overnight on Monday, in a deal that represented around one quarter of all European ECM business since the beginning of August. Joint bookrunners Deutsche Bank and Goldman Sachs priced the deal with one of the widest discounts seen this year, but achieved a comfortably oversubscribed book and a strong aftermarket.

  • 09 Dec 2011

"People have been asking whether this counts as a success," said one banker close to the company. "It is a great success to get something of this size done at this time."

The company was selling 52.3m new shares and 28.1m treasury shares, representing a total of 13% of ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 30,363.50 109 7.56%
2 JPMorgan 27,423.07 94 6.82%
3 Goldman Sachs 27,365.68 53 6.81%
4 Barclays 25,009.79 63 6.22%
5 Deutsche Bank 22,679.02 69 5.64%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 Mizuho 299.85 1 21.73%
1 ING 299.85 1 21.73%
1 Commerzbank Group 299.85 1 21.73%
1 BNP Paribas 299.85 1 21.73%
5 UBS 60.22 1 4.36%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 Goldman Sachs 1,607.28 5 23.03%
2 Credit Suisse 1,301.65 4 18.65%
3 UBS 970.80 3 13.91%
4 BNP Paribas 522.35 4 7.49%
5 SG Corporate & Investment Banking 444.17 3 6.37%