Convertible bond

Here, you will find all relevant information about our convertible bond.

Investor Relations

Zalando's EUR 1bn Dual-Tranche Convertible Bonds due 2025 and 2027

Tranche A
(5 years)

Tranche B
(7 years)

Tranche size

EUR 500mm

EUR 500mm

Status

Senior, unsecured

Senior, unsecured

Denomination

EUR 100,000

EUR 100,000

Coupon

0.05% p.a.

0.625% p.a.

Maturity date

6 August 2025

6 August 2027

Issuer call

After year 3
at 130%
trigger

After year 5
at 150%
trigger

Reference
share
price

EUR 61.50

EUR 61.50

Initial
conversion
price

EUR 87.64
(conversion
premium:
42.5%)

EUR 92.25
(conversion
premium:
50%)

Trading venue

Open Market
segment
(Freiverkehr)
of the
Frankfurt
Stock
Exchange

Open Market
segment
(Freiverkehr)
of the
Frankfurt
Stock
Exchange

Security Codes

ISIN

DE000A3E4589

DE000A3E4597

German
WKN

A3E458

A3E459

Common
Code

221365640

221365658

paid back on
August 6, 2025


Convertible Bond 2020

Terms and Conditions Convertible Bond 2020 (pdf, 307.4 KB)Download

Please note that following a partial reduction of Tranche A (ISIN DE000A3E4589) on 20 September, 2024, the outstanding volume of Tranche A currently amounts to 400m EUR.