DGAP-News: DIC Asset AG Raises Corporate Bond to EUR 100m
(firmenpresse) - DGAP-News: DIC Asset AG / Key word(s): Miscellaneous
DIC Asset AG Raises Corporate Bond to EUR 100m
04.03.2013 / 08:34
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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(at)dic-asset.de
End of Corporate News
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04.03.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: DIC Asset AG
Eschersheimer Landstr. 223
60320 Frankfurt
Germany
Phone: +49 69 9454858-86
Fax: +49 69 9454858-99
E-mail: ir(at)dic-asset.de
Internet: www.dic-asset.de
ISIN: DE0005098404
WKN: 509840
Indices: S-DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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202837 04.03.2013
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Datum: 04.03.2013 - 08:34 Uhr
Sprache: Deutsch
News-ID 235260
Anzahl Zeichen: 6789
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Kategorie:
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