DGAP-News: Deutsche Wohnen SE: Deutsche Wohnen issues green corporate bonds for the first time in an amount of EUR 1 billion

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Corporate News

Deutsche Wohnen issues green corporate bonds for the first time in an amount of EUR 1 billion

Berlin, 29 March 2021. For the first time, Deutsche Wohnen SE ("Deutsche Wohnen") has successfully issued two green corporate bonds on the capital markets in the total amount of EUR 1 billion. The bonds have an average term of 15 years and an average annual interest rate of 0.90 per cent. The order book was significantly oversubscribed, which shows the great confidence that the capital markets have in Deutsche Wohnen and its sustainability strategy.

As Philip Grosse, the Chief Financial Officer (CFO) of Deutsche Wohnen, explains, "The very successful issue of our first green bonds is clear proof of the attractiveness and sustainability of our business model. Despite the volatile interest rates and market conditions, we were able to successfully place the bonds with important institutional investors on very attractive terms. Thereby the market has given us the clear signal that we should continue to pursue our sustainability strategy steadfastly and to make a significant contribution to sustainable housing in Germany."

Green bonds make it possible to combine debt capital financing with Deutsche Wohnen's sustainability strategy. The net proceeds from the issue will be used to finance green projects. As a result, Deutsche Wohnen will, in future, be able to invest more both in the acquisition and construction of climate-friendly buildings and in the energy-efficient refurbishment of its existing buildings.

Furthermore, financing that is geared to sustainability criteria is consistent with the climate strategy of Deutsche Wohnen. The company intends to be climate-neutral by 2040. To this end, there exists a specific plan of concrete measures that aims to systematically reduce the CO₂ emissions of the property portfolio and to cover remaining energy needs with energy that is low in CO₂ production. The implementation of the planned measures in a socially manner is of high importance.

Deutsche Wohnen

Deutsche Wohnen is one of the leading publicly listed residential property companies in Europe. The business focus of the company is on managing its own portfolio of residential properties in dynamic metropolitan regions and conurbations in Germany. Deutsche Wohnen sees itself as having both a social responsibility and a duty to maintain and newly develop good-quality and affordable housing in vibrant residential neighbourhoods. As at 31 December 2020, the portfolio comprised a total of around 155,400 residential and 2,900 commercial units. Deutsche Wohnen SE is listed in the Deutsche Börse's DAX and is also included in the leading indices EPRA/NAREIT, STOXX Europe 600, GPR 250 and DAX 50 ESG.

Disclaimer

This corporate news does not constitute a solicitation of an offer to purchase, or an offer to sale, any securities, and has been issued by Deutsche Wohnen and/or its subsidiaries solely for information purposes. This corporate news may contain statements, assumptions, opinions and predictions about the anticipated future development of Deutsche Wohnen ("forward-looking statements") that reproduce various assumptions regarding, e.g., results derived from Deutsche Wohnen's current business or from publicly available sources that have not been subject to an independent audit or in-depth evaluation by Deutsche Wohnen and that may turn out to be incorrect at a later stage. All forward-looking statements express current expectations based on the current business plan and various other assumptions and therefore come with risks and uncertainties that are not insignificant. All forward-looking statements should not therefore be taken as a guarantee for future performance or results and, furthermore, do not necessarily constitute exact indicators that the forecast results will be achieved. All forward-looking statements relate solely to the day on which this corporate news was issued to its recipients. It is the responsibility of the recipients of this corporate news to conduct a more detailed analysis of the validity of forward-looking statements and the underlying assumptions. Deutsche Wohnen accepts no responsibility for any direct or indirect damages or losses or subsequent damages or losses, as well as penalties that the recipients may incur by using the corporate news, its contents and, in particular, all forward-looking statements or in any other way, as far as this is legally permissible. Deutsche Wohnen does not provide any guarantees or assurances (either explicitly or implicitly) in respect of the information contained in this corporate news. Deutsche Wohnen is not obliged to update or correct the information, forward-looking statements or conclusions drawn in this corporate news or to include subsequent events or circumstances or to report inaccuracies that become known after the date of this corporate news.

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