Linklaters with Vonovia on €850 million bonds placement

Linklaters advised Vonovia on the 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

The Linklaters team on the matter was led by partner Alexander Schlee (capital markets, Frankfurt) together with managing associate Catrin Retzmann (capital markets, Frankfurt).