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FRANKFURT - Deutsche Bank AG (ETR:DBKGn), Frankfurt, has announced the completion of a bond offering by Vonovia SE (ETR:VNAn), a prominent European real estate company. The offering, which involved a EUR 650 million social floating rate note with a two-year non-call period, concluded without the need for market stabilization actions.
The securities, described as a 2NC1 Social Floating Rate Note, have been assigned the ISIN code DE000A4DFS26 and were issued at par (100%). The notes carry a spread over the benchmark three-month Euribor of 85 basis points.
Deutsche Bank acted as the stabilizing manager for the offering. However, the bank confirmed that no stabilization was carried out, indicating that the market conditions did not necessitate any intervention to support the note’s price during the post-stabilization period.
This recent financial development for Vonovia SE did not involve any public offering of securities in the United States. The notes have not been registered under the United States Securities Act of 1933, and as such, they may not be offered or sold within the United States absent an exemption from registration requirements.
The completion of this bond issuance is a significant step for Vonovia SE, providing the company with additional capital that may be used for social projects, as indicated by the "social" designation of the floating rate note. This transaction is part of the broader context of corporate financing and investment within the European real estate sector.
Investors should note that the information regarding this bond offering is based on a press release statement and does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities. The absence of stabilization measures suggests a stable demand for the securities at the time of the offering.
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