White & Case advises underwriters on Vonovia’s issue of bonds with aggregate principal amount of €1.5 billion

Global law firm White & Case LLP has advised BNP Paribas, BofA Securities Europe SA, Citigroup Global Markets Europe AG, Commerzbank Aktiengesellschaft, Deutsche Bank Aktiengesellschaft, Goldman Sachs Bank Europe SE, ING Bank N.V., J.P. Morgan SE, Morgan Stanley Europe SE, Société Générale, UBS AG London Branch and UniCredit Bank AG as Managers on the issue by Vonovia SE of one social bond and one green bond with an aggregate principal amount of €1.5 billion.

Vonovia intends to use the net proceeds from the issuances of these bonds for ‘Eligible Green and Social Assets', in line with the Vonovia Group's Sustainable Finance Framework, and for the repayment of some of Vonovia Group's existing indebtedness, in particular in connection with a cash tender offer for outstanding notes announced on 15 November 2022. The notes were admitted to trading on the regulated market of the Luxembourg Stock Exchange.

The White & Case team in Frankfurt that advised on the transaction was led by partner Karsten Wöckener and included associates Florian Fraunhofer and Daniel Gillenkirch.

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