News Detail - DIC Assets

DIC Asset AG to Repay Corporate Bond from 2011 Prematurely


DIC Asset AG / Key word(s): Bond

08.09.2014 / 11:37


Frankfurt am Main, 08 September 2014

DIC Asset AG to Repay Corporate Bond from 2011 Prematurely

The SDAX-listed real estate company DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) resolved to prematurely terminate its corporate bond over EUR 100 million that the company issued in 2011 (ISIN DE000A1KQ1N3; WKN A1KQ1N). The bond will be terminated as of 16 October 2014 in compliance with the notice period specified in the terms of issue. Bondholders will be paid the equivalent of 100,5% of the nominal amount of the bond plus the interest accrued by the redemption date.

As previously announced, DIC Asset AG has earmarked the major share of the net issue proceeds of its third corporate bond over EUR 125 million euros, which it issued on 08 September 2014, for this purpose. 

For details on DIC Asset AG, please go to www.dic-asset.de.

 

About DIC Asset AG:

Established in 2002, DIC Asset AG, with registered offices in Frankfurt am Main, is a real estate company with a dedicated investment focus on commercial real estate in Germany, pursuing a return-oriented investment policy. The company has a total of around 250 real property assets worth approximately EUR 3.4 billion under management. The investment strategy of DIC Asset AG aims at the continuous development of a quality-driven, high-yield, and regionally diversified portfolio. The portfolio is divided into two segments: the Commercial Portfolio (EUR 2.2 billion) comprises existing properties with long-term rental contracts generating attractive rental yields. The "Co-Investment" segment (EUR 0.2 billion pro rata) 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 our earnings 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.
 

Press contact
Thomas Pfaff Kommunikation
Höchlstrasse 2
D-81675 Munich 
Tel. +49-89-992496-50
Fax +49-89-992496-52
Mobile +49-172-8312923
kontakt@pfaff-kommunikation.de


Investor relations
Peer Schlinkmann
Neue Mainzer Strasse 20 - MainTor
D-60311 Frankfurt am Main
Tel. +49-69-274033-1221
Fax +49-69-274033-9399
P.Schlinkmann@dic-asset.de





08.09.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de



285877  08.09.2014