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Investor and bond information

This page offers comprehensive information for existing investors and all potential creditors. It also provides information about the REWE Group’s capital market products and our Sustainability-Linked Bond Framework.

Investor information

The REWE Group pursues a diversified financing strategy. In 2023, having previously used promissory notes to cover its long-term financing needs, the REWE Group decided to utilise the capital market as an additional source of financing by issuing a bond. To link the sustainability strategy with the financing strategy, the initial transaction was designed as a sustainability-linked bond. In 2025, another issuance followed, in which two benchmark tranches were placed in the form of a Eurobond.

On a growth course.

The total external revenues of REWE Group grow by 4.0 percent in the 2025 business year.

Consolidated sales RZF Group

The consolidated sales of RZF Group grew from 87.9 billion euros to 91.1 billion euros.

Consolidated sales RZF Group
2023 84.0 billion euros
2024 87.9 billion euros
2025 91.1 billion euros

EBITDA in € million

Earnings before interest, taxes, depreciation and amortisation.

Capital expenditures (CapEx)

Capital expenditures describe capital expenditures for property, plant and equipment and intangible fixed assets.

Financing structure as of 31 December 2025

The REWE Group is primarily financed by these debt financing instruments.

Financing structure as of 31 December 2025
Capital market (oriented) instruments (2,173 m. euros) 2173 million euros
Real estate financing (378 m. euros) 378 million euros
Lines of credit (3,000 m. euros) 3000 million euros

Bond information

The REWE Group has been active on the capital market since 2023, when it became the first German food retailer to successfully issue a bond on the capital market.

  • Corporate Bond 2025

    With the placement of another bond with a total volume of €1 billion in two tranches, the REWE Group is continuing its successful course on the capital market. Here you will find the key facts about the issuance and the Offering memorandum for download.

    Key Facts:

    ISIN: XS3090081467 (3-year tranche)
    XS3092557126 (7-year tranche)
    Issuer: REWE International Finance B.V.
    Volume: 2 tranches of EUR 500 mn each
    Coupon: 2.75% (3-year tranche)
    3,50% (7-year tranche)
    Maturity: : 03.07.2028 (3-year tranche)
    03.07.2032 (7-year tranche)
    Rating: BBB (S&P)

  • Sustainability-Linked Bond

    REWE Group was the first German food retailer to successfully make its debut on the capital market and issue a bond. This is accompanied by the direct linking of the sustainability commitment with corporate financing. Here you can find the key facts about the bond issue as well as the Offering Memorandum for download.

    Key Facts:

    ISIN: XS2679898184
    Issuer: REWE International Finance B.V.
    Volumne: 900 Mio. EUR
    Coupon: 4.875%
    Matuirty: 13.09.2030
    Rating: BBB (S&P)

  • Sustainability-Linked Bond Framework

    Our Sustainability-Linked Bond Framework combines the REWE Group’s financing strategy with its sustainability strategy. Sustainalytics has created a Second-Party Opinion (SPO) for our Sustainability-Linked Bond Framework. The SPO provides an objective assessment of the framework by an independent third party, which underscores the high level of ambition of the REWE Group’s sustainability goals.

ESG-Informationen

Discover how the REWE Group is actively contributing to a more sustainable future.

Protecting the environment and the climate, promoting more sustainable product ranges, and helping build a future-proof society are important to the REWE Group. We also take responsibility for our employees and ensure fair treatment of our partners and suppliers. This Progress Report illustrates how we are doing and what we have achieved since 2024. The short chapters and clear focus areas offer insight into our ongoing commitment to increasing sustainability.