Investor Relations : DIC Asset AG's Corporate Bonds

Corporate bonds

For Added Flexibility in Financing – the Corporate Bonds of DIC Asset AG

In a bid to expand its gearing options over and above the classic mortgage financing, DIC Asset AG issued six corporate bonds since 2011.

  • The company’s first corporate bond (ISIN DE000A1KQ1N3), placed in May 2011, had a volume of approximately EUR 70 million and included an interest coupon of 5.875 percent. Within the framework of a private placement, the volume of this corporate bond was topped up by EUR 30 million to its maximum issuance volume of EUR 100 million in 2012/2013. The offer was available exclusively to institutional investors. The topped-up bond was listed in the Prime Standard for corporate bonds at the Frankfurt Stock Exchange in April 2013. In September 2014, DIC Asset AG resolved to prematurely terminate this corporate bond. Bondholders were paid the equivalent of 100.5% of the nominal amount of the bond plus the interest accrued by the redemption date in October 2014.
  • On 09 July 2013, DIC Asset AG issued its second corporate bond (ISIN DE000A1TNJ22) in a volume of EUR 75 million with an interest coupon of 5.750 percent. The bond was floated on the OTC market of the Frankfurt Stock Exchange on 09 July 2013, and simultaneously listed in the Prime Standard for corporate bonds of Deutsche Börse AG. Within the framework of a private placement, the volume of this corporate bond was topped up by EUR 25 million to its maximum issuance volume of EUR 100 million in February 2014. The bond matured on 09 July 2018.
  • The third corporate bond (ISIN DE000A12T648), issued within the framework of a private placement in September 2014, had a volume of EUR 125 million and included an interest coupon of 4.625 percent. The bond was floated on the OTC market of the Frankfurt Stock Exchange on 08 September 2014, and listed in the Prime Standard for corporate bonds of Deutsche Börse AG. The net issue proceeds were used to repay existing debt, in particular the Company’s first bond. This corporate bond was topped up by EUR 50 million to EUR 175 million in April 2015. This bond matured on 08 September 2019.
  • In July 2017, DIC Asset AG placed its fourth corporate bond (ISIN DE000A2GSCV5) within the framework of an international private placement in a volume of EUR 130 million and with an interest coupon of 3.25 percent. The bond has been listed on the Official List of the Luxembourg Stock Exchange since 11 July 2017, and has been admitted for trade on the regulated market of “Bourse de Luxembourg.” This corporate bond was topped up by EUR 50 million to EUR 180 million in March 2018. The issuing proceeds were primarily used for the repayment of older debt, especially the second bond which matured in 2018. This fourth bond will reach maturity on 11 July 2022.
  • In September 2018, DIC Asset AG very successfully issued its fifth corporate bond (ISIN DE000A2NBZG9) within the framework of an international private placement, exceeding the initial target volume of EUR 100 million to a total of EUR 150 million. The coupon was fixed at 3.5 percent. The corporate bond has been listed on the Official List of the Luxembourg Stock Exchange since 2 October 2018, and has been admitted for trade on the regulated market of “Bourse de Luxembourg.” This bond will reach maturity on 2 October 2023.
  • Im September 2021 DIC Asset AG priced a senior unsecured fixed-rate green corporate bond with an aggregate par value of EUR 400,000,000.00 and a 5-year maturity (due September 2026) today, making it the first bond issuance of this type in the company’s history. The intended use of the bond proceeds towards the acquisition of Green Buildings complies with Sustainable Development Goals 9 and 11 defined by the United Nations.The bond with a coupon rate of 2.25% has a denomination of EUR 100,000 each, and will trade on the Euro MTF market of the Luxembourg stock exchange (ISIN: XS2388910270).

Green Corporate bond 2021 (ISIN XS2388910270) - Basic data

Basic data

 

Issuer DIC Asset AG
Type of security Bearer Notes
ISIN XS2388910270
WKN (securities no.) A2GSCV
Listing Euro MTF market of the Luxembourg stock exchange
Issuance volume EUR 400 million
Denomination (par value) EUR 100,000 per debenture bond
Coupon 2.25 % p.a.
Settlement date 22 September 2021
Maturity 5 years, 22 September 2021 – 22 September 2026
Currency Euro
Payment of interest Annually, commencing 22 September 2022
Documentation Make-Whole Call at B+50 / Tax Call at Par / Clean-up Call (80%) at Par / Change of Control @101%
Covenants Loan-to-Value(LtV) ≤ 60%
Secured Loan-to-Value (Secured LtV) ≤ 45%
Interest Coverage Ratio ≥ 1.80
Sole Green Structuring Advisor HSBC
Joint Bookrunner Goldman Sachs Bank Europe SE, HSBC
Rating S&P BB+
Prospectus download PDF >>

Corporate bond 2018 (ISIN DE000A2NBZG9) - Basic data

Issuer DIC Asset AG
Type of security Bearer Notes
ISIN DE000A2NBZG9
WKN (securities no.) A2NBZG
Listing Official List of the Luxembourg Stock Exchange, Luxembourg
Final Issuance volume EUR 150 million
Denomination (par value) EUR 1,000 per debenture bond
Coupon 3.5 % p.a.
Issue date 2 October 2018
Issue price 100% of the nominal amount
Maturity 5 years, from 2 October 2018 – 2 October 2023
Currency Euro
Payment of interest Annually, first time on 2 October 2019
Redemption At maturity, unless previously redeemed in whole or in part or purchased and cancelled
Early redemption The issuer may, at its option, redeem the Notes in whole or in part and within the period from and including October 2, 2021 to but excluding October 2, 2022 at 102 per cent of their Final Redemption Amount and within the period from and including October 2, 2022 to but excluding October 2, 2023 at 101 per cent of their Final Redemption Amount together with any unpaid interest to (but excluding) the date fixed for redemption.
Joint Lead Manager
and Joint Bookrunner
Bankhaus Lampe KG,
Citigroup Global Markets Limited
Prospectus download PDF >>
Pricing Note download PDF >>

Corporate bond 2017 (ISIN DE000A2GSCV5) - Basic data

Issuer DIC Asset AG
Type of security Bearer Notes
ISIN DE000A2GSCV5
WKN (securities no.) A2GSCV
Listing Official List of the Luxembourg Stock Exchange, Luxembourg
Final Issuance volume EUR 180 million (incl. top-up of EUR 50 million)
Denomination (par value) EUR 1,000 per debenture bond
Coupon 3.25 % p.a.
Issue date 11 July 2017 / 14 March 2018
Issue price 100% of the nominal amount
Maturity 5 years, 11 July 2017 – 11 July 2022
Currency Euro
Payment of interest Annually, first time on 11 July 2018
Redemption At maturity, unless previously redeemed in whole or in part or purchased and cancelled
Early redemption The issuer may, at its option, redeem the Notes in whole or in part and within the period from and including July 11, 2020 to but excluding July 11, 2021 at 102 per cent of their Final Redemption Amount and within the period from and including July 11, 2021 to but excluding the Maturity Date at 101 per cent of their Final Redemption Amount together with any unpaid interest to (but excluding) the date fixed for redemption.
Joint Lead Manager
and
Joint Bookrunner
Bankhaus Lampe KG,
Citigroup Global Markets Limited
Prospectus download PDF >>
Pricing Note download PDF >>
Charts and Quotes

The Corporate Bonds of DIC Asset AG

 

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