LEG Immobilien : successfully places its biggest bond offering to date with nominal value of EUR 1.5 billion

• Bond was placed in three tranches of EUR 500 million each with maturities of four, seven and twelve years
• LEG corporate bond offering meets strong investor demand - highlighting investor support for LEG's growth strategy
• Proceeds to be used to fully refinance the bridge facility in the context of the Adler portfolio acquired at the end of 2021

LEG Immobilien SE announces the successful placement of an unsecured, fixed-rate corporate bond offering with a total nominal value of EUR 1.5 billion. The bond was issued in three tranches of EUR 500 million each:

• The four-year tranche matures on 17 January 2026 bearing a coupon of 0.375% p.a.
• The seven-year tranche matures on 17 January 2029 bearing a coupon of 0.875% p.a.
• The twelve-year tranche matures on 17 January 2034 bearing a coupon of 1.500% p.a.

The net proceeds from the offering will predominantly be used to refinance the bridge facility for the portfolio acquisition of app. 15.400 from Adler on 29 December 2021 only a few days after the purchase price payment. Any remaining proceeds will be used for general corporate purposes. The bond offering was met with exceptionally strong investor interest reflected in a total demand of more than EUR 5.5 billion corresponding to a subscription level of 3.7-times.

"The strong investor interest in LEG Immobilien SE's largest bond offering to date underlines the strong support for our growth strategy to develop the company from a regional market leader in North Rhine-Westphalia to one of the largest German property managers for affordable living. The proceeds from the EUR 1.5 billion bond offering will mainly be used to refinance the bridge facility for our approx. 15.400 apartment acquisition completed on 29 December 2021, as well as for general corporate purposes. The successful placement proves once more the excellent access of our company to the capital markets.", explains Susanne Schröter, CFO of LEG Immobilien SE.

Deutsche Bank, Goldman Sachs Bank Europe SE, HSBC Continental Europe und UniCredit were active bookrunner on the transaction.

About LEG
With around 166,000 rental properties and approximately 500,000 residents, LEG is one of Germany's leading listed housing companies. The company has seven branch offices in its home state of North Rhine-Westphalia and is represented by personal local contacts at locations in other states in western Germany.
LEG generated income of around EUR 861 million from its core rental and lease business in the 2020 financial year. As part of the new construction campaign it launched in 2018, LEG wishes to make a social contribution towards creating both privately financed and publicly subsidised housing, and to build or acquire at least 500 new apartments per year from 2023 onwards. From 2026 onwards the number of newly build or acquired apartments will be increased to 1.000 units per year.

Investor Relations Contact:
Frank Kopfinger
Tel. [phone]
E-Mail: [e-mail]

Press Contact:
Sabine Jeschke
Tel. [phone]
E-Mail: [e-mail]

Disclaimer
This publication constitutes neither a solicitation to buy nor an offer to sell securities. To the extent that we express forecasts or expectations or make forward-looking statements in this document, these statements can entail known and unknown risks and uncertainties. These statements reflect the intentions, opinions or current expectations and assumptions of LEG Immobilien SE. The forward-looking statements are based on current planning, estimates and forecasts, which LEG Immobilien SE has made to the best of its knowledge, but that are not a statement on their future accuracy. Actual results and developments can therefore differ materially from the expectations and assumptions expressed.