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Vonovia SE: Vonovia Issues Its First Green Bond for Sustainable Investments

Vonovia SE / Key word(s): Bond/Sustainability
Vonovia SE: Vonovia Issues Its First Green Bond for Sustainable Investments (news with additional features)

17.03.2021 / 19:05
The issuer is solely responsible for the content of this announcement.

Vonovia Issues Its First Green Bond for € 600 Million to Finance Sustainable Investments

- Ten-year maturity and 0.625 % coupon

- Helene von Roeder: "Excellent addition to our financing mix and further evidence of our sustainability strategy"

Bochum, Germany, March 17, 2021 - Vonovia SE ("Vonovia") issued its first green bond today. The ten-year bond with a volume of € 600 million was oversubscribed five times and will bear 0.625 % interest per year.

As a large residential real estate company, Vonovia assumes environmental and social responsibility. The green bond issuance marks further progress on Vonovia's sustainability strategy, which is based on the areas of Environment, Social and Governance (ESG). Among other things, Vonovia has committed to a binding climate path for a virtually climate-neutral building stock by 2050 and introduced the Sustainability Performance Index, which makes its sustainability objectives measurable from year to year.

"We have been systematically reducing the carbon footprint of our buildings from the 50s and 60s since 2015 through energy-efficient modernization. We are also building energy-efficient new constructions. Nowadays, investors expect companies to conduct their business in a sustainable manner. Thus, the green bond is the perfect combination," says Helene von Roeder, Vonovia's Chief Financial Officer. "Furthermore: Green bonds are a future-oriented addition to our financing strategy that we can already use today to further expand our investor base."

The additional financing options through green bonds put Vonovia in an even better position to actively contribute to solutions for the key ESG challenges. Vonovia plans to use the additional liquidity from green bonds to refinance sustainability projects in Germany, Austria and Sweden. These include investments in buildings, for example through new construction or modernization projects that lead to energy efficiency class B or better (in Austria minimum A) and that were initiated within the last 36 months. Other investment projects include renewable energy, for instance generating solar energy through additional photovoltaic installations.

"We will continue to make comprehensive investments to achieve our goal of establishing a virtually climate-neutral portfolio by 2050," says Helene von Roeder.

The green bond is yet another step taken by Vonovia to further develop its financing strategy. At the start of the year, the company forged ahead in digitization and, for the first time, issued a fully digital registered bond - which was also a novelty on the capital market. To do so, the company used blockchain technology for the transfer of ownership of the bond and created the necessary security token for it using the online marketplace firstwire.

2021 Financial Calendar:
April 16, 2021:
Annual General Meeting
May 4, 2021: Interim Statement for the first quarter of 2021
August 6, 2021: Interim Financial Report for 2021
November 4, 2021: Interim Statement for the first nine months of 2021

About Vonovia

Vonovia SE is Europe's leading private residential real estate company. Vonovia currently owns around 416,000 residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 74,000 apartments. Its portfolio is worth approximately € 58.9 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 more than 10,000 employees.

Additional Information:
Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange
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.

Additional features:

File: Vonovia Issues Its First Green Bond for Sustainable Investments

17.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Vonovia SE
Universitätsstraße 133
44803 Bochum
Phone: +49 234 314 1609
Fax: +49 234 314 2995
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1176475

End of News DGAP News Service

1176475  17.03.2021 

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