Vonovia SE: Vonovia Issues Its First Green Bond for Sustainable Investments

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DGAP-News: Vonovia SE / Key word(s): Bond/Sustainability
Vonovia SE: Vonovia Issues Its First Green Bond for Sustainable Investments
(news with additional features)

17.03.2021 / 19:05
The issuer is solely responsible for the content of this announcement.

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Vonovia Issues Its First Green Bond for EUR 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 EUR 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:
April 16, 2021: Annual General Meeting
May 4, 2021: Interim Statement for the first quarter of 2021
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 416,000 residential units in all attractive
cities and regions in Germany, Sweden and Austria. It also manages around
74,000 apartments. Its portfolio is worth approximately EUR 58.9 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

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.


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Additional features:

File: https://eqs-cockpit.com/c/fncls.ssp?u=4482528668876acb3339fa0c5b9cc834
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17.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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   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
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1176475 17.03.2021

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