News Detail - DIC Assets

DIC Asset AG Raises Corporate Bond to EUR 100m


DIC Asset AG / Key word(s): Miscellaneous

04.03.2013 / 08:34


DIC Asset AG Raises Corporate Bond to EUR 100m

- Additional EUR 30m issued in private placement

- Bond now listed at the Prime Standard for corporate bonds of the Frankfurt stock exchange

DIC Asset AG (German Securities Code Number WKN 509840 / ISIN DE0005098404) just raised the volume of its corporate bond by EUR 30 million to the maximum issuance volume of EUR 100 million in a private placement. The offer was available exclusively to institutional investors. Full placement was achieved in January 2013, and eventual demand would have permitted an even higher volume. Corporate finance and bond specialist youmex in Frankfurt facilitated the transaction through consultancy and the actual placement.

The non-collateralised junior corporate bond was issued by the company in May 2011 in order to put corporate financing on a broader basis. Structured for an interest rate of 5.875% p.a. and a five-year maturity, it will start trading as fourth bond in the Prime Standard for corporate bonds of the Frankfurt stock exchange (EU-regulated market) from today. Previously the bond has been listed in the Entry Standard.

With a trading volume of EUR 240,000 per day, the bond is subject to keen demand and liquidity at the Frankfurt Stock Exchange. The quoted price averaged 98% in the course of the year. The most recent price quote of last Friday (1 March 2013) was close to 102%.

Said Markus Koch, CFO of DIC Asset AG: 'The successful raise of the DIC bond and its high level of liquidity in stock trading reflect the deep trust that bond investors have in the business model of DIC Asset AG.'

'We are pleased that the DIC bond has moved up into the Prime Standard for corporate bonds. It is the segment with the highest transparency standards in Europe, and has expanded our borrowing options since fall of last year. The offer is addressed to major companies who wish to place bonds over 100 million EUR or more,' said Barbara Georg, Head of the Listing & Issuer Services Department at Deutsche Börse.

Basic Data on the DIC Asset Bond

Name: DIC Asset AG Anleihe 11/16

ISIN/ WKN securities no.: DE000A1KQ1N3 / A1KQ1N

Code: DAZA

Deutsche Börse segment: Prime Standard for corporate bonds

Minimum investment: EUR 1,000

Coupon: 5.875%

Issuance volume:EUR 100 million

Maturity: 16/05/2016

For details on DIC Asset AG, please visit us on the Internet at www.dic-asset.de.

About DIC Asset AG:

Established in 2002, DIC Asset AG, with registered offices in Frankfurt/Main, is a real estate company with a dedicated investment focus on commercial real estate in Germany, pursuing a return-oriented investment policy. Real estate assets under management amount to approx. EUR 3.4 billion, comprising around 270 properties, of which EUR 2.2 billion is carried on DIC Asset AG's statement of the balance sheet. The investment strategy of DIC Asset AG aims at the continuous development of a quality-driven, high-yield, and regionally diversified portfolio. The real estate portfolio is structured in two segments: The 'Commercial Portfolio' (EUR 1.9 billion) includes existing properties let on long-term leases and returning attractive rental yields. The 'Co-Investment' segment (EUR 0.3 billion) pools fund investments, joint venture investments, and investments in project developments. Own real estate management teams provide a direct service to tenants through six branch offices located at the regional hubs within the portfolio. This kind of market presence and expertise creates the basis for preserving and enhancing income and real estate values. DIC Asset AG has been included in the SDAX(R) segment of the Frankfurt Stock Exchange since June 2006. The Company's shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies.




Contact:
Immo von Homeyer
Head of Investor Relations & Corporate Communications
Tel +49 (0) 69 27 40 33 86
Fax +49 (0) 69 27 40 33 69
I.vonHomeyer@dic-asset.de



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