VONOVIA SE
DGAP-News: Vonovia SE
/ Key word(s): Bond/Sustainability
Vonovia Issues Its First Green Bond for ? 600 Million to Finance Sustainable Investments - Ten-year maturity and 0.625 % coupon - Helene von Roeder: "Excellent addition to our financing mix and further evidence of our sustainability strategy" Bochum, Germany, March 17, 2021 - Vonovia SE ("Vonovia") issued its first green bond today. The ten-year bond with a volume of ? 600 million was oversubscribed five times and will bear 0.625 % interest per year. As a large residential real estate company, Vonovia assumes environmental and social responsibility. The green bond issuance marks further progress on Vonovia's sustainability strategy, which is based on the areas of Environment, Social and Governance (ESG). Among other things, Vonovia has committed to a binding climate path for a virtually climate-neutral building stock by 2050 and introduced the Sustainability Performance Index, which makes its sustainability objectives measurable from year to year. "We have been systematically reducing the carbon footprint of our buildings from the 50s and 60s since 2015 through energy-efficient modernization. We are also building energy-efficient new constructions. Nowadays, investors expect companies to conduct their business in a sustainable manner. Thus, the green bond is the perfect combination," says Helene von Roeder, Vonovia's Chief Financial Officer. "Furthermore: Green bonds are a future-oriented addition to our financing strategy that we can already use today to further expand our investor base." The additional financing options through green bonds put Vonovia in an even better position to actively contribute to solutions for the key ESG challenges. Vonovia plans to use the additional liquidity from green bonds to refinance sustainability projects in Germany, Austria and Sweden. These include investments in buildings, for example through new construction or modernization projects that lead to energy efficiency class B or better (in Austria minimum A) and that were initiated within the last 36 months. Other investment projects include renewable energy, for instance generating solar energy through additional photovoltaic installations. "We will continue to make comprehensive investments to achieve our goal of establishing a virtually climate-neutral portfolio by 2050," says Helene von Roeder.
The green bond is yet another step taken by Vonovia to further develop its financing strategy. At the start of the year, the company forged ahead in digitization and, for the first time, issued a fully digital registered bond - which was also a novelty on the capital market. To do so, the company used blockchain technology for the transfer of ownership of the bond and created the necessary security token for it using the online marketplace firstwire. 2021 Financial Calendar:
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. 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. Additional features: File: Vonovia Issues Its First Green Bond for Sustainable Investments
17.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Vonovia SE |
| Universitätsstraße 133 | |
| 44803 Bochum | |
| Germany | |
| Phone: | +49 234 314 1609 |
| Fax: | +49 234 314 2995 |
| E-mail: | investorrelations@vonovia.de |
| Internet: | www.vonovia.de |
| ISIN: | DE000A1ML7J1 |
| WKN: | A1ML7J |
| Indices: | DAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1176475 |
| End of News | DGAP News Service |
1176475 17.03.2021
