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16 February 2018

​​​​​​​REWE Group places one billion Euro Schuldscheindarlehen loan

The REWE Group is making use of generally favourable conditions in the financial markets to strengthen its strategic financial reserves through the successful placement of a Schuldscheindarlehen. The final volume of the transaction is one billion Euro and comprises various tranches with 3 to 10 year maturities.

As a result of investors’ strong demand, the original volume of 500 million Euro was increased to one billion Euro. The margin on the loan was fixed at the lower end of the marketing range. The transaction was placed with around 250 investors, primarily savings and cooperative banks as well as national and international commercial banks. The Schuldscheindarlehen was placed by BNP Paribas, DZ BANK, LBBW and UniCredit.

“Given our strong economic profile, we were able to secure the benefits of the current low interest rates by placing long term Schuldscheindarlehen. Moreover, it increases our flexibility to grow our market position as one of the leading food and holiday travel retailers. Consequently, we will be stepping up our stationary business as well as our digital transformation,” says Dr. Christian Mielsch, CFO of the REWE Group, commenting on the successful issue of the bonded loan.

Dr. Klaus Wirbel, head of finance at the REWE Group, is also very pleased with the results. The fact that the transaction was substantially oversubscribed testifies investors’ confidence in the REWE Group’s credit profile and business model. At the same time, we have additionally diversified our investor base through a granular order book and have strengthened the market awareness towards REWE Group both nationally and internationally.

The cooperative REWE Group is a leading trade and tourism group in Germany and Europe. In 2016, the company generated total external revenue of more than 54 billion euros. REWE Group, a company that was established in 1927, employs 330,000 people and operates 15,000 stores in 20 European countries. In Germany, the companys approximately 240,000 employees generated revenue of 39 billion euros in about 10,000 stores during 2016.

Its sales lines comprise the supermarkets and consumer stores operated by the brands REWE, REWE CENTER, REWE CITY and BILLA as well as Merkur, the discounter PENNY and the toom DIY stores. The company also operates convenience stores (REWE To Go) and the e-commerce activities REWE Lieferservice, Zooroyal, Weinfreunde and Kölner Weinkeller. The umbrella brand DER Touristik comprises the tour operators ITS, Jahn Reisen, Dertour, Meiers Weltreisen, ADAC Reisen, Kuoni, Helvetic Tours, Apollo and Exim Tours and more than 2,400 travel agencies (including DER Reisebüro, DERPART and cooperation partners), the hotel chains lti, Club Calimera, Cooee, PrimaSol and Playitas Resort as well as the direct operator