Linklaters has advised Vonovia SE on the successful placement of senior, unsecured convertible bonds in an aggregate principal amount of €850 million. The Bonds will fall due on 30 June 2031 and are convertible into new and/or existing ordinary registered shares of the Company.
The bonds were offered by way of an accelerated bookbuilding process exclusively to institutional investors in certain jurisdictions outside the USA via a private placement. The Company intends to use the net proceeds from the offering for general corporate purposes including debt refinancing.
The Linklaters team was led by Dr Alexander Schlee (Partner, Capital Markets, Frankfurt) together with Catrin Retzmann (Managing Associate, Capital Markets, Frankfurt).
The Linklaters team led by Dr Alexander Schlee regularly advises Vonovia on capital markets transactions, most recently in November 2025 on the placement of three series of eurobonds with an aggregate volume of €2.25 billion. Other transactions over the past year include Vonovia’s debut in the Australian bond market, with its first kangaroo bond in September 2025, as well as the debut placement of €1.3 billion convertible bonds in May 2025.
