Rheinmetall issues €500 million bond
Rheinmetall AG has successfully issued a €500 million bond maturing in May 2031 with a coupon of 3.375%. The company stated investor demand was strong, with the order book being 7.8 times oversubscribed.
German defence and automotive supplier Rheinmetall AG announced on May 28, 2026, the successful placement of a €500 million bond. The bond matures in May 2031 and carries an annual coupon of 3.375%.
This marks Rheinmetall's first bond issuance since 2010. The company had previously issued two convertible bonds totaling €1 billion in 2023. The latest bond issuance was met with significant investor interest, as indicated by an order book that was 7.8 times oversubscribed, reflecting strong capital market confidence in Rheinmetall's strategic and financial position.
The company stated that the issuance strengthens its financing structure and increases flexibility for long-term capital raising. Rheinmetall intends to use the proceeds from the bond for general corporate purposes, including the refinancing of upcoming maturities.
CFO Klaus Neumann commented that the strong investor demand confirms market confidence in the company's operational performance and growth strategy. He also noted the company's excellent access to the bond market, supported by its solid investment-grade rating.