HOWOGE Successfully Issues First Social Bond Worth EUR 300 Million

Berlin, 30th May 2024—HOWOGE Wohnungsbaugesellschaft mbH announced the issuance of its first social bond with a volume of EUR 300 million. The six-year bond carries a 3.875% coupon and matures on 5th June 2030.

The proceeds will fund investments aligned with HOWOGE's Social Finance Framework, including the acquisition of 4,500 apartments and land reserves. Growing demand allowed HOWOGE to set the final price at MS +95 basis points, improving upon the initial pricing guidance by 30 basis points. The bond was oversubscribed 3.7 times, indicating strong interest.

Katharina Greis, managing director of HOWOGE, highlighted that the bond's placement demonstrates the company's excellent capital market access and diversified financing sources. This aligns with HOWOGE's goal of maintaining affordable housing.