The transaction was completed today (28 May 2026). This is the company’s first bond issuance since 2010. Recently, the group issued two convertible bonds due 2023 with a total value of €1 billion.
The issue faced very strong demand from investors. The order book was oversubscribed by 7.8 times, underscoring the capital markets’ strong confidence in Rhinemetall’s strategic and financial position.
With this successful placement, Rhinemetall is strengthening its financing structure as well as increasing its flexibility to raise long-term capital.
Klaus Neumann, CFO of Rhinemetall AG: “The strong investor demand confirms the market’s confidence in our operating performance and our growth strategy. We enjoyed excellent access to the bond market. This high level of investor confidence is also reflected in our solid investment-grade rating.”
Rhinemetall intends to use the proceeds from the bonds for general corporate purposes, including the refinancing of upcoming maturities.
The transaction was carried out by major financial institutions. Crédit Agricole CIB and UniCredit acted as global coordinators and active bookrunners. In addition, Commerzbank, Deutsche Bank and Societe Generale acted as additional active bookrunners for the transaction, while legal advice was provided by Linklaters LLP.
Disclaimer
This press release is for information purposes only and does not constitute an offer to sell or an offer or solicitation to buy or subscribe for securities, nor does it constitute financial analysis or advice or a recommendation relating to financial instruments.
The Notes are not being offered or sold in the United States. Nothing in this press release constitutes an offer to sell or a solicitation of an offer to buy the Notes in the United States or any other jurisdiction. The securities may not be offered, sold or distributed in the United States without registration, except as an exemption from registration requirements under the United States Securities Act of 1933, as amended (the “Securities Act”). The Notes have not been and will not be registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be, directly or indirectly, offered, sold or distributed within the United States or for the account or benefit of U.S. persons (as defined in Regulation S under the Securities Act).
In the United Kingdom, this announcement is being distributed only and is directed only to (i) Persons who have professional experience in matters relating to investment falling within section 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (“Order”) (ii) high net worth institutions falling within section 49(2) of the Order and (iii) Persons to whom it may otherwise be lawfully distributed or directed (all such persons together being referred to as “Relevant Persons”). The Notes are available only to, and any invitation, offer or agreement to subscribe for, purchase or otherwise acquire such Notes will be made only with Relevant Persons. Any person who is not a Relevant Person should not act or rely on this announcement or any of its contents.
This press release contains forward-looking statements regarding the future development of the Rhinemetall Group. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such statements. Rhinemetall undertakes no obligation to update such statements in the light of new information or future events.
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