DGAP-News: Vonovia SE / Key word(s): Bond 
Vonovia SE: Vonovia successfully issues unsecured corporate bonds totaling EUR 4 billion with an average coupon of 
0.6875% (news with additional features) 
2021-06-10 / 07:01 
The issuer is solely responsible for the content of this announcement. 
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Vonovia successfully issues unsecured corporate bonds totaling EUR 4 billion with an average coupon of 0.6875% 
 
- 5 bonds with an average maturity of 9.5 years 
- Highly attractive: new issue demand of nearly EUR 18 billion 
- Proceeds mainly designated for financing the planned merger with Deutsche Wohnen SE 
- Moody's gives Vonovia investment grade rating "A3" and "Stable Outlook" 
Bochum, 10 June 2021 - Vonovia SE has successfully placed 5 fixed-rate unsecured bonds totaling EUR 4 billion today. 
- EUR 500m / 3.25 years / coupon 0.000% 
- EUR 1,000m / 6 years / coupon 0.375% 
- EUR 1,000m / 8.5 years / coupon 0.625% 
- EUR 1,000m / 12 years / coupon 1.000% 
- EUR 500m / 20 years / coupons 1.500% 
The proceeds will mainly be used for financing the planned merger with Deutsche Wohnen SE as well as for upcoming 
repayments. 
Helene von Roeder, Chief Financial Officer at Vonovia, says: "The successful placement of the corporate bonds is an 
important signal from the capital market. We are happy that investors see the merger with Deutsche Wohnen as 
strategically sensible for our company." 
Attracting substantial demand of nearly EUR 18 billion, the bonds were oversubscribed 4.5 times. Vonovia's capital 
structure and cash position remain extremely healthy. Once the entire process has been completed, all the 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). 
First Moody's rating for Vonovia 
The rating agencies have recognized Vonovia's ongoing positive business development and robust business model. Moody's 
is now the third major rating agency to place Vonovia in the investment grade range. It has rated Vonovia as "A3" with 
a stable outlook. In its assessment, Moody's cites, among other things, Vonovia's focus 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 investment grade credit rating further 
reinforces our attractiveness to national and international lenders," says Helene von Roeder. Standard & Poor's 
continues to rate Vonovia as "BBB+", and Scope as "A-". 
2021 Financial Calendar: 
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 415,000 
residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 72,500 
apartments. Its portfolio is worth approximately EUR 59.0 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 more than 10,000 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 
Disclaimer 
This press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase 
securities. Neither this press release nor anything contained herein shall form the basis of, or be relied upon in 
connection with, any offer or commitment whatsoever in any jurisdiction. 
This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is 
not a prospectus. The base prospectus is available, and the final terms of the notes when published will be available, 
on the website of the Luxembourg Stock Exchange at https://www.bourse.lu/home. 
The securities referred to in this announcement have not been, and will not be, registered under the U.S. Securities 
Act of 1933 (as amended), and may not be offered or sold in the United States of America or any other jurisdiction 
absent registration or an applicable exemption from registration. 
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. 
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Additional features: 
File: Vonovia successfully issues unsecured corporate bonds totaling EUR 4 billion_PI_210610 
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2021-06-10 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. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      Vonovia SE 
              Universitätsstraße 133 
              44803 Bochum 
              Germany 
Phone:        +49 234 314 1609 
Fax:          +49 234 314 2995 
E-mail:       investorrelations@vonovia.de 
Internet:     www.vonovia.de 
ISIN:         DE000A1ML7J1 
WKN:          A1ML7J 
Indices:      DAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1206320 
 
End of News   DGAP News Service 
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1206320 2021-06-10


 
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June 10, 2021 01:03 ET (05:03 GMT)