Vonovia Announces Successful Placement Of EUR 1.3 Bln Senior Convertible Bonds, Stock Down

(RTTNews) - Vonovia SE (VNA.DE), Tuesday announced the successful placement of two series of senior, unsecured convertible bonds worth a total of 1.3 billion euros.

Notably, the first series of bonds in an aggregate principal amount of 650 million euros will fall due on 20 May 2030, and the second series of bonds in an aggregate principal amount of the same amount will fall due on 20 May 2032.

The company intends to utilize the proceeds for debt refinancing and other general corporate-related purposes.

The settlement of the Bonds is expected to take place on or around 20 May, 2025.

Currently, Vonovia's stock is trading at 28.23 euros, down 3.09 percent on the XETRA.