28/05/2026 | Press release

On 21 May 2026, Rheinmetall AG successfully placed a €500 million bond on the capital market, maturing in May 2031 with a coupon of 3.375%.

The transaction was completed today (28 May 2026). This is the company’s first bond issuance since 2010. Most recently, the Group issued two convertible bonds with a total value of €1 billion in 2023. 

The issuance met with very strong investor demand. The order book was significantly oversubscribed by 7.8 times, underscoring the capital market’s strong confidence in Rheinmetall’s strategic and financial positioning. 

With this successful placement, Rheinmetall is strengthening its financing structure while also increasing its flexibility for long-term capital raising.

Klaus Neumann, CFO of Rheinmetall AG: “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.” 

Rheinmetall intends to use the proceeds from the bond for general corporate purposes, including the refinancing of upcoming maturities.

The transaction was carried out by leading financial institutions. Credit Agricole CIB and UniCredit acted as global coordinators and active bookrunners. In addition, Commerzbank, Deutsche Bank and Société Générale served 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 to securities, nor does it constitute financial analysis or advice or a recommendation relating to financial instruments.} 

_{The notes are not being, and will not be, offered or sold in the United States. Nothing in this press release constitutes an offer to sell or the solicitation of an offer to buy the notes in the United States or any other jurisdiction. Securities may not be offered, sold or delivered in the United States absent registration under, or an exemption from the registration requirements of, 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 offered, sold or delivered, directly or indirectly, within the United States or to, 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 only being distributed to and is only directed at (i) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") (ii) high net worth entities falling within Article 49(2) of the Order and (iii) persons at or to whom it can otherwise lawfully be distributed or directed (all such persons together being referred to as "relevant persons"). The notes are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such notes will be engaged in 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 about the future development of the Rheinmetall Group. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such statements. Rheinmetall assumes no liability for updating such statements in light of new information or future events.}