Vonovia successfully issues unsecured corporate bonds totaling EUR 4 billion with an average coupon of 0.6875% (new with additional features)
DGAP-News: Vonovia SE / Keyword (s): Obligation
10.06.2021 / 07:01
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Vonovia successfully issues unsecured corporate bonds totaling 4 billion euros with an average coupon of 0.6875%
– 5 bonds with an average maturity of 9.5 years
– Very attractive: demand for new issues of nearly 18 billion euros
– Product mainly intended to finance the merger project with Deutsche Wohnen SE
– Moody’s assigns Vonovia an investment grade rating of “A3” and “Stable Outlook”
Bochum, June 10, 2021 – Vonovia SE has successfully placed 5 fixed rate unsecured bonds for a total amount of EUR 4 billion today.
– € 500m / 3.25 years / coupon 0.000%
– € 1,000m / 6 years / coupon 0.375%
– € 1,000m / 8.5 years / coupon 0.625%
– € 1,000m / 12 years / 1,000% coupon
– 500 M € / 20 years / coupons 1.500%
The proceeds will mainly be used to finance the proposed merger with Deutsche Wohnen SE as well as for future repayments.
Helene von Roeder, CFO of Vonovia, says: “The successful placement of corporate bonds is an important signal from the capital market. We are pleased that investors view the merger with Deutsche Wohnen as strategic for our business.
Attracting significant demand of nearly € 18 billion, the bonds were 4.5 times oversubscribed. Vonovia’s capital structure and cash position remain extremely sound. Once the entire process is complete, all relevant information about the issue will be available on Vonovia’s Investor Relations website, in the Creditors Relations subsection. This is also where investors can find information on the European Medium Term Notes (EMTN) program.
Moody’s first rating for Vonovia
Rating agencies have recognized Vonovia’s continued positive business development and robust business model. Moody’s is now the third major rating agency to place Vonovia in the investment grade category. He rated Vonovia as “A3” with a stable outlook. In its assessment, Moody’s cites, among other things, Vonovia’s emphasis on “stable and regulated markets” in Germany and elsewhere, its “diversified business model” and its “excellent access to capital”. “This positive rating from Moody’s is further confirmation of our business model. The premium credit rating further strengthens our appeal to domestic and international lenders, ”says Helene von Roeder. Standard & Poor’s continues to rate Vonovia as “BBB +” and Scope as “A-”.
Financial calendar 2021:
August 6, 2021: Interim financial report for 2021
November 4, 2021: Interim statement for the first nine months of 2021
Vonovia SE is the European leader in private residential real estate. Vonovia currently has around 415,000 residential units in all attractive towns and regions of Germany, Sweden and Austria. It also manages around 72,500 apartments. Its portfolio amounts to approximately 59.0 billion euros. As a modern service provider, Vonovia focuses on customer orientation and tenant satisfaction. Providing tenants with affordable, attractive and livable housing is a prerequisite for the successful development of the business. Therefore, Vonovia invests in the long term in the maintenance, modernization and age-friendly conversion of its properties. The company is also creating more and more new apartments by carrying out infill developments and adding to existing buildings.
The Bochum-based company has been listed on the stock exchange since 2013. Since September 2015 Vonovia has been part of the DAX 30 and since September 2020 of the EURO STOXX 50. Vonovia SE is also part of other national companies. 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 over 10,000 employees.
Approval: Regulated Market / Prime Standard, Frankfurt Stock Exchange
Common code: 094567408
Headquarters of Vonovia SE: Bochum, Germany, local court in Bochum, HRB 16879
Vonovia SE business address: Universitaetsstrasse 133, 44803 Bochum, Germany
This press release does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Neither this press release nor anything contained therein should form the basis of, or be relied upon in connection with, any offer or commitment in any jurisdiction.
This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and the underlying legislation. It is not a prospectus. The base prospectus is available, and the final conditions of the notes when they are published, will be available on the Luxembourg Stock Exchange website at the address https://www.bourse.lu/home.
The securities mentioned in this press release have not been and will not be registered under the US Securities Act of 1933 (as amended) and may not be offered or sold in the United States of America or any other jurisdiction in no registration or an applicable exemption from registration.
This press release has been published by Vonovia SE and / or its subsidiaries for information purposes only. This press release may contain statements, assumptions, opinions and predictions regarding the anticipated future development of Vonovia (“forward-looking statements”) which reproduce various assumptions regarding, for example, results derived from Vonovia’s current operations or from sources accessible to the public that have not been subjected to an independent audit or an in-depth evaluation by Vonovia and which may prove 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 involve risks and uncertainties which are not negligible. All forward-looking statements should therefore not be taken as a guarantee of future performance or results and, moreover, do not necessarily constitute exact indicators that the expected results will be achieved. All forward-looking statements relate only to the date 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 the forward-looking statements and the underlying assumptions. Vonovia accepts no responsibility for direct or indirect damage or loss or subsequent damage or loss, as well as any penalties that recipients may incur by using the press release, its contents and, in particular, any forward-looking statements or statements. any other way, insofar as this is legally permitted. Vonovia makes no warranties or guarantees (either expressly or implied) with respect to the information contained in this press release. Vonovia is not obligated to update or correct any information, forward-looking statements or conclusions drawn in this press release or to include subsequent events or circumstances or to report any inaccuracies that are known after the date of this press release. hurry.
06.10.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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