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RWE out with Eu2bn deal as refi onslaught begins

German utility RWE launched a Eu2bn refinancing mandated to three banks on Tuesday, one of the first in a string of such facilities expected out of the country in September. Carmaker Daimler is also in the market with a Eu3bn rollover of a deal from last year, while E.On is set to follow.

  • 01 Sep 2009

Calyon, Royal Bank of Scotland and UniCredit (via HVB) are leading RWE’s refinancing, which will replace one tranche of a Eu4bn deal from 2006. The loan will remain a CP backstop facility, and will have a 14 month tenor with a 10 month extension option.

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1 Citi 4,347 16 16.63
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