RWE sets size of bond at 1.5 bln euros -IFR

LONDON, June 8 | Mon Jun 8, 2009 9:22am EDT

LONDON, June 8 (Reuters) - German utility RWE (RWEG.DE) has set the size of a planned bond, due to mature in September 2011, at 1.5 billion euros ($2.1 billion), IFR reported on Monday.

Guidance was earlier refined to mid-swaps plus 55 basis points from plus around 60 basis points initially, said IFR Markets, a Thomson Reuters online news and market analysis service.

Calyon, LBBW and UniCredit are managing the sale of the bond, which will be issued via RWE Finance, the bank said.

RWE is rated A1 by Moody's Investors Service, A by Standard & Poor's and A+ by Fitch Ratings. (Reporting by Natalie Harrison, editing by Will Waterman) ($1=.7230 Euro)

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