Vonovia Raises EUR 2.25 Billion in Successful Eurobond Issuance

Vonovia SE has successfully issued Eurobonds totaling EUR 2.25 billion, marking a significant step in its financial strategy. These unsecured bonds are divided into three tranches with maturities of 7, 11, and 15 years and carry an average coupon rate of 3.96%. Investor demand was strong, with the issuance being oversubscribed 3.4 times. This reflects solid confidence in Vonovia’s business model and long-term outlook, highlighted by CFO Philip Grosse.

The proceeds will be used partially for a tender offer to repurchase short-term Eurobonds maturing through 2027. Vonovia emphasizes its strong access to bond markets, supported by stable investment-grade ratings. The company aims to further diversify its capital structure while seizing market opportunities.

Vonovia reserves flexibility in using the funds to repay other liabilities, ensuring this does not significantly change their maturity profile.