Deutsche Wohnen ordinary shares, all primary, offered through accelerated bookbuilding managed by Deutsche Bank, Goldman, UBS as joint global coordinators and joint bookrunners and Exane BNP Paribas as joint bookrunner, terms show.
- Offering size ~EU500m, ~5% of the registered share capital
- Proceeds from the capital increase will be used in most part to finance the convertible bonds tender offer
- Banks also managing offering of EU800m convertible bonds due July 2024, convertible into ordinary shares of Deutsche Wohnen: terms
- Issue price: 100% of principal amount
- Redemption price: 100% of principal amount
- Coupon: 0.20%–0.45% per annum
- Conversion premium range: 48%–58% above reference share price