Vonovia SE: Vonovia successfully places promissory note loans

DGAP-News: Vonovia SE / Keyword(s): Miscellaneous

Vonovia SE: Vonovia successfully places promissory note loans

16.02.2022 / 14:39
The issuer is solely responsible for the content of this announcement.

Vonovia successfully places loans in the form of promissory notes for a total amount of 1 billion euros

Weighted average duration of loans: 7.65 years

– Strong demand: the volume of promissory notes has been doubled from 500 million euros to 1 billion euros

– Investors mainly include Sparkasse banks, regional banks and foreign commercial banks

– Philip Grosse, CFO: “Loans help increase diversification while further strengthening the funding base”

Bochum, February 16, 2022 – Today, Vonovia SE successfully completed its promissory note transaction launched on January 10 of this year. This means that after numerous bilateral promissory note pilots, Vonovia has successfully placed a widely marketed transaction. The initial volume has increased from 500 million euros to 1 billion euros. The weighted average duration is 7.65 years, with a weighted average interest rate of 1.13%.

More than 850 investors have subscribed to all the tranches offered, ranging from 5 to 30 years (fixed and floating). Vonovia also intends to use the proceeds to repay in full the bridge financing the housing company had taken out to finance the acquisition of Deutsche Wohnen.

“Loans in the form of promissory notes help to increase the diversification of our debt instruments and therefore significantly strengthen our funding base. This broad base also gives us security for our future cash flows,” said Philip Grosse, Chief Financial Officer. “The high level of investor approval in a volatile market environment shows that we are in an exceptional position on the debt capital side.” This is Grosse’s first major transaction in his role as chief financial officer at Vonovia.

Loans in the form of promissory notes are mainly aimed at Sparkasse banks, regional banks, foreign commercial banks and institutional investors interested in long-term illiquid products. Grosse also explains another advantage of the loans: “This form of transaction is extremely robust while carrying a very attractive price in the current environment which is so volatile. The strong demand encourages us to make other transactions of this type from From now. “

Once the whole process is complete, all details of the relevant issuance will be available on Vonovia’s Investor Relations website, under the Creditor Relations subsection. (https://investors.vonovia.de/).

2022 financial calendar:

March 18, 2022: Annual report 2021
April 29, 2022: Annual General Meeting – online
May 5, 2022: Interim statement for the first three months of 2022
August 3, 2022: Interim statement for the first half of 2022
November 4, 2022: Provisional statement for the first nine months of 2022

About Vonovia

Vonovia SE is the European leader in private residential real estate. Vonovia currently has approximately 568,000 residential units (including Deutsche Wohnen) in all attractive cities and regions of Germany, Sweden and Austria. It also manages approximately 71,500 apartments. His wallet is worth approx. 95.4 billion. 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 successful business development. Therefore, Vonovia invests in the long-term maintenance, modernization and conversion of its properties for the elderly. The company is also increasingly creating new apartments by completing infill developments and complementing existing buildings.

The company, based in Bochum, has been listed on the stock exchange since 2013. Since September 2015, Vonovia has been part of the DAX 30 (now DAX 40) and since September 2020 of the EURO STOXX 50. Vonovia SE is also part 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 more than 16,000 employees (including Deutsche Wohnen).

Additional information:
Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange
ISIN: DE000A1ML7J1
WKN: A1ML7J
Joint code: 094567408
Vonovia SE Headquarters: Bochum, Germany, District Court Bochum, HRB 16879
Vonovia SE business address: Universitaetsstrasse 133, 44803 Bochum, Germany

This press release has been issued by Vonovia SE and/or its affiliates for informational purposes only. This press release may contain statements, assumptions, opinions and predictions about the expected future development of Vonovia (“forward-looking statements”) that make various assumptions about, for example, results derived from Vonovia’s current business or from sources available to the public that have not been subject to independent audit or thorough evaluation by Vonovia and which may subsequently prove to be incorrect. All forward-looking statements express current expectations based on the current business plan and various other assumptions and are therefore subject to risks and uncertainties which are not insignificant. All forward-looking statements should therefore not be taken as a guarantee of future performance or results and, furthermore, are not necessarily exact indicators that the anticipated results will be achieved. All forward-looking statements speak only as of the date this press release was issued to recipients. It is the responsibility of the recipients of this press release to further analyze the validity of the forward-looking statements and underlying assumptions. Vonovia disclaims all liability for any direct or indirect or consequential damages or losses, as well as any penalties that the recipients may incur by using the press release, its contents and, in particular, any forward-looking statements or in any other way. , insofar as this is legally permitted. Vonovia makes no warranties or assurances (express or implied) regarding the information contained in this press release. Vonovia undertakes no obligation 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 known inaccuracies after the date of this press release. hurry.

16.02.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP distribution services include regulatory announcements, financial/corporate news and press releases.
Archive at www.dgap.de

Comments are closed.