Successful bond issue: Vonovia places corporate bonds totalling € 5 billion with an average coupon of 0.49 %

- 5 bonds with an average maturity of 10.3 years

- First bond with a maturity of 30 years

- High investor demand of almost € 20 billion ensures attractive conditions

- Proceeds primarily earmarked to refinance bridge financing for the planned business combination with Deutsche Wohnen SE

- Issue follows bonds placements of € 4 billion in June 2021

Bochum, 27 August 2021 - Yesterday, Vonovia SE successfully issued five unsecured and fixed-interest bonds with a total volume of € 5 billion. Attracting demand of just under € 20 billion, the bonds were 4 times oversubscribed. Based on this high investor demand, the company was able to secure very attractive conditions. For the first time, Vonovia placed a bond with a maturity of 30 years.

- € 500m / 2 years / coupon 0.0 %

- € 1,250m / 4.25 years / coupon 0.0 %

- € 1,250m / 7 years / coupon 0.25 %

- € 1,250m / 11 years / coupon 0.75 %

- € 750m / 30 years / coupon 1.625 %

The proceeds are primarily earmarked to refinance the bridge financing for the planned business combination with Deutsche Wohnen SE as well as for upcoming repayments. The issue follows the successful placement of corporate bonds with a volume of € 4 billion in June 2021.

"All in all, we have made our very healthy financing base even more flexible with these new bonds. The fact that we have managed to raise € 9 billion of new funds in the space of three months is testament to our standing in the capital market," says Chief Financial Officer Helene von Roeder. "In light of the intended combination with Deutsche Wohnen, we now feel even stronger on the debt capital side. The high level of investor demand shows that the planned business combination is seen as strategically compelling. Now the crucial step is for the Deutsche Wohnen shareholders to also accept our offer," von Roeder adds.

Once the entire process has been completed, all relevant information about the issue will be available on Vonovia's investor relations website, in the Creditor Relations subsection. This is also where investors can find information about the European Medium Term Notes Programme (EMTN).
 

2021 financial calendar:

4 November 2021: interim report for the first nine months of 2021
 

About Vonovia

Vonovia SE is Europe's leading private residential real estate company. Vonovia currently owns around 414,000 residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 72,000 apartments. Its portfolio is worth approximately € 63.0 billion. As a modern service provider, Vonovia focuses on customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a prerequisite for the company's successful development. Therefore, Vonovia makes long-term investments in the maintenance, modernization and senior-friendly conversion of its properties. The company is also creating more and more new apartments by realizing infill developments and adding to existing buildings.

The company, which is based in Bochum, has been listed on the stock exchange since 2013. Since September 2015 Vonovia has been a constituent in the DAX 30 and since September 2020 in the EURO STOXX 50. Vonovia SE is also a constituent of additional national and international indices, including DAX 50 ESG, Dow Jones Sustainability Index Europe, STOXX Global ESG Leaders, EURO STOXX ESG Leaders 50, STOXX Europe ESG Leaders 50, FTSE EPRA/NAREIT Developed Europe, and GPR 250 World. Vonovia has a workforce of around 11,000 employees.

Additional Information:
Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange
ISIN: DE000A1ML7J1
WKN: A1ML7J
Common code: 094567408
Registered headquarters of Vonovia SE: Bochum, Germany, Bochum Local Court, HRB 16879
Business address of Vonovia SE: Universitaetsstrasse 133, 44803 Bochum, Germany

This press release has been issued by Vonovia SE and/or its subsidiaries solely for information purposes. This press release may contain statements, assumptions, opinions and predictions about the anticipated future development of Vonovia ("forward-looking statements") that reproduce various assumptions regarding, e.g., results derived from Vonovia's current business or from publicly available sources that have not been subject to an independent audit or in-depth evaluation by Vonovia and that may turn out to be incorrect at a later stage. All forward-looking statements express current expectations based on the current business plan and various other assumptions and therefore come with risks and uncertainties that are not insignificant. All forward-looking statements should not therefore be taken as a guarantee for future performance or results and, furthermore, do not necessarily constitute exact indicators that the forecast results will be achieved. All forward-looking statements relate solely to the day on which this press release was issued to its recipients. It is the responsibility of the recipients of this press release to conduct a more detailed analysis of the validity of forward-looking statements and the underlying assumptions. Vonovia accepts no responsibility for any direct or indirect damages or losses or subsequent damages or losses, as well as penalties that the recipients may incur by using the press release, its contents and, in particular, all forward-looking statements or in any other way, as far as this is legally permissible. Vonovia does not provide any guarantees or assurances (either explicitly or implicitly) in respect of the information contained in this press release. Vonovia is not obliged to update or correct the information, forward-looking statements or conclusions drawn in this press release or to include subsequent events or circumstances or to report inaccuracies that become known after the date of this press release.