Vonovia successfully issues unsecured corporate bonds totaling € 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 € 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.

- € 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 / coupon 1.000%

- € 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 € 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 € 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.