Deutsche Wohnen SE is offering an early redemption of 20% or less of its €400 million of the 0.875% convertible bonds, which were issued in September 2014 and are due in 2021.

The bonds will be terminated, effective Nov. 27, and will be redeemed at their principal amount, plus accrued interest to the day before the redemption date.

Meanwhile, a conversion right for the bond ends Nov. 10. Shareholders are given an option to redeem their bonds, should they choose to not convert them by the deadline.