HOWOGE Issues €200M Social Notes with Counsel from Taylor Wessing
Deal News | Jun 16, 2025 | Taylor Wessing
Taylor Wessing has successfully advised HOWOGE Wohnungsbaugesellschaft mbH, a leading state-owned housing company in Berlin, in the issuance of an additional €200 million in social notes. This tap issue adds to the original €300 million 3.875% social notes due 2030, initially launched in June 2024. Institutional investors were the exclusive recipients of these bonds, which are now listed on the Luxembourg Stock Exchange's regulated market. Deutsche Bank, ING, Morgan Stanley, and Société Générale acted as joint lead managers. Taylor Wessing's involvement was led by Marc-Oliver Kurth and Dr. Christian Köhler, who frequently advise major real estate entities in capital market ventures.
Sectors
- Real Estate
- Capital Markets
Geography
- Germany – HOWOGE Wohnungsbaugesellschaft mbH is a Berlin-based company, indicating significant geographic relevance.
- Luxembourg – The Luxembourg Stock Exchange is the location where the bonds have been listed, indicating cross-border financial operations.
Industry
- Real Estate – HOWOGE is a significant player in the real estate industry, specializing in municipal housing in Berlin.
- Capital Markets – The issuance involves the trading of securities, with the bonds listed on the Luxembourg Stock Exchange.
Financials
- €200 million – Amount raised through the tap issue of the social notes.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| HOWOGE Wohnungsbaugesellschaft mbH | Issuer | Company | One of Berlin's largest state-owned municipal housing companies. |
| Taylor Wessing | Legal Advisor | Company | Provided legal advice for the bond issuance. |
| Deutsche Bank | Joint Lead Manager | Company | |
| ING | Joint Lead Manager | Company | |
| Morgan Stanley | Joint Lead Manager | Company | |
| Société Générale | Joint Lead Manager | Company | |
| Marc-Oliver Kurth | Legal Advisor | Person | A member of the Taylor Wessing team advising on the transaction. |
| Dr. Christian Köhler | Legal Advisor | Person | A member of the Taylor Wessing team advising on the transaction. |