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The Luxembourg Stock Exchange (LuxSE) listed and admitted to trading on 15 December 2015 a Eurobond issued by Vonovia, one of Germany’s leading real estate companies. With a combined issue amount of EUR 3 billion, this is the largest Eurobond ever in the real estate market.
The issue was made up of three tranches from Vonovia’s EMTN programme as follows:
- A variable rate bond for an amount of EUR 750 million, maturing in 2017 (ISIN DE000A18V120)
- A fixed rate bond for an amount of EUR 1.25 billion, with an annual coupon of 1.625% and maturing in 2020 (ISIN DE000A18V138)
- A fixed rate bond for an amount of EUR 1 billion, with an annual coupon of 2.250% and maturing in 2023 (ISIN DE000A18V146).
The proceeds of the issue will...
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