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Vonovia places first promissory note on firstwire online marketplace

THE INFORMATION CONTAINED IN THIS DOCUMENT IS NOT SUITABLE FOR COMPLETE OR PARTIAL PUBLICATION OR DISCLOSURE TO OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR OTHER COUNTRIES WHERE SUCH PUBLICATION OR DISCLOSURE WOULD CONSTITUTE A VIOLATION OF APPLICABLE LEGAL PROVISIONS. THIS PUBLICATION IS NEITHER AN OFFER TO BUY OR SELL NOR AN INVITATION TO TENDER AN OFFER TO BUY OR SELL SHARES.

Bochum, Germany, September 4, 2019 – Vonovia SE (Vonovia) has initiated the digitalization of its financing strategy by issuing a promissory note via a digital platform for the first time. In the scope of a private placement, an institutional investor provided € 50 million with a maturity of seven years. The DAX company selected German online marketplace firstwire for the transaction.

“Digitalization is a megatrend and is therefore gaining importance in the financial sector as well,” says Helene von Roeder, Chief Financial Officer of Vonovia. “It was important to us that we place our first promissory note in the market independently and straightforwardly. With this transaction, we have expanded not only our range of financing instruments but also our investor base – with very attractive terms.”

For years, Vonovia has successfully financed and refinanced itself via the capital market. Most recently, the company placed a bond with a volume of € 500 million in January 2019. Vonovia’s outstanding debt volume was € 20.5 billion as of June 30, 2019. “We can well imagine issuing additional promissory notes of similar or even greater volumes,” von Roeder continues, with an eye on diversifying the funding.

Michael Dreiner, CEO and founder of firstwire, notes: “We are delighted with this issuer and see this as a confirmation of our digital approach. In addition to larger mid-size companies, we can provide even experienced issuers in the DAX league access to institutional investors, in practically all maturities and risk categories.”

2019/2020 Financial Calendar

November 5, 2019: Interim Statement for the Third Quarter of 2019

March 5, 2020: 2019 Annual Press Conference

May 5, 2020: Interim Statement for the First Quarter of 2020

About Vonovia

Vonovia SE is Europe’s leading private residential real estate company. Vonovia currently owns around 396,700 residential units in all attractive cities and regions in Germany, Austria and Sweden. It also manages around 79,000 apartments. Its portfolio is worth approximately € 47.4 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. Accordingly, 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 and on the DAX 30 since September 2015. Vonovia SE is also listed on the international indices STOXX Europe 600, MSCI Germany, MSCI Germany, GPR 250 and EPRA/NAREIT Europe. 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

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.

About firstwire

Firstwire is a web-based market place for debt. The Cologne based FinTech offers an independent platform to the international Private-Placement market. It connects medium-sized and multi-national corporates with banks and a broad variety of institutional investors – claiming „Your market, Your community“. For further information visit: https://firstwire.market/en/.

Press contact: press@firstwire.market



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