Successful Eurobond Issuance: Vonovia places Bonds with Total Volume of EUR 2.25 billion

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR IN OR INTO OR TO ANY PERSON RESIDENT OR LOCATED IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.

• Unsecured Eurobonds with a total volume of EUR 2.25 billion and maturities of 7, 11 and 15 years issued.
• Philip Grosse, CFO of Vonovia: “The strong demand and high quality of the order book underline the capital market’s great confidence in our business model and Vonovia’s long-term outlook.”
• Proceeds from the issuance are intended to be used in part for a tender offer to repurchase unsecured short-term Eurobonds.

Bochum, 5. November 2025 – Vonovia SE (“Vonovia”) today successfully placed three tranches of Eurobonds with a total volume of EUR 2.25 billion and maturities of 7, 11 and 15 years on the capital market. The bonds, with an average coupon of 3.96%, were oversubscribed 3.4 times.

The proceeds from the bond issuance are primarily intended for a tender offer for unsecured Eurobonds maturing through 2027. The maximum acceptance amount for the tender offer is limited to the volume of the new bond issuance. 

“The strong demand and high quality of the order book underline the capital market’s great confidence in our business model and Vonovia’s long-term outlook,” says Philip Grosse, CFO of Vonovia SE. “Our access to the bond market is excellent – thanks also to our stable investment-grade ratings. With these bonds, we are further strengthening our balanced capital structure. At the same time, we have made optimal use of market opportunities,” adds Grosse.

Vonovia reserves the right to use portions of the proceeds from the issuance to repay other liabilities, provided that doing so does not materially affect the maturity profile.