D.V.I. Deutsche Vermögens- und Immobilienverwaltungs GmbH („DVI“) emitted its first green bond with a volume of 350 millionen Euro.
The issuance on May 14th 2025 was oversubscribed. Until midday the order book exceeded € 1.1 billion Euro. Initial Pricing Thoughts (IPTs) were thus reduced from 300 basis points to 275 basis points. Added to the mid-swap rate, the yield-to-maturity of the green bond is 5.091%. The annual coupon was fixed at 4.875%. The green bond will mature in 5.25 years on August 21st, 2030. Both S&P and Fitch Ratings rated the green bond with the investment grade rating BBB-.
With the green bond proceeds DVI financed the concurrent any and all tender offer of its existing bond, maturing in January 2027. Between May 12th and May 20th DVI offered all of its existing bondholders (ISIN: XS2431964001) an attractive price, which was accepted by 81.8% of the bondholders.
