DGAP-News: DIC Asset AG Plans to Issue Corporate Bond
(firmenpresse) - DGAP-News: DIC Asset AG / Key word(s): Bond
DIC Asset AG Plans to Issue Corporate Bond
14.06.2013 / 07:38
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Frankfurt, 14 June 2013
DIC Asset AG Plans to Issue Corporate Bond
The SDAX-listed real estate company DIC Asset AG (WKN 509840/ ISIN
DE0005098404) has decided in principle to issue a second five-year
corporate bond with a volume of at least EUR 75 million. The corporate bond
shall be included in the Prime Standard for corporate bonds at Deutsche
Börse AG. The company intends to use the issue proceeds to refinance
existing bank debt on the portfolio and property level as well as for
general corporate purposes.
As the positive experience with the first corporate bond demonstrated, this
form of capital market financing has been established as a flexible and
cost-efficient component in the financing activities of DIC Asset AG. It
further enhances and diversifies the company's financing structure.
Moreover, it will permit further optimisation of the company's financing
conditions by reducing its bank debt on the portfolio and property level.
On this level, the issue proceeds can be used as equity and therefore serve
as an attractive alternative to classic junior or mezzanine loans. That
way, the overall debt level and the net debt equity ratio of the company
remain unchanged.
The corporate bond will be issued through a public offering of the company
in Germany, Luxembourg and Austria as well as through an international
private placement with qualified investors in Germany and certain other
countries. Details on the bond are expected to be announced until early
July 2013. Once approved, the prospectus required for the public offering
will then be published on the website of DIC Asset AG.
The company has appointed Bankhaus Lampe KG and Baader Bank AG to act as
joint bookrunner for the placing of the bonds.
Ulrich Höller, CEO of DIC Asset AG: 'The planned issue will help us to base
our debt financing on an even broader basis and to expand our financial
leeway. We take advantage of the high degree of flexibility and the proven
cost effectiveness of this financing instrument in line with our mid- and
long-term corporate objectives.'
Disclaimer
This document constitutes neither an offer of securities for sale nor a
solicitation to purchase or subscribe securities. Any possible future
public offering of a debenture bond will be submitted exclusively in the
form, and on the basis, of a listing prospectus to be published pending its
approval by the respective supervisory authority. The information legally
required to be disclosed to investors is provided exclusively by the
listing prospectus. At a time yet to be set, the listing prospectus will be
published on the Internet on the homepage of DIC Asset AG
(www.dic-asset.de).
This document constitutes neither an offer of securities for sale nor a
solicitation to submit an offer for the purchase of securities in the
United States of America, nor is it part of such an offer or such a
solicitation. The securities are not, nor will they be, registered pursuant
to the provisions of the United States Securities Act, and may not be sold
or offered for sale in the United States of America except after prior
registration pursuant to the provisions of the US Securities Act in its
latest version or else on the basis of an exemption clause without prior
registration.
The information provided in this publication must not be forwarded to or
within the United States of America, Canada, Japan or Australia.
Unless expressly stated otherwise, all of the information, data,
assumptions and forward looking statements contained in this document refer
to information, data and forecast that were available to the company at the
time of publication. In accordance with applicable laws, DIC Asset AG
assumes no obligation to, and will not, update this document in any form
whatsoever.
For more 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 currently amount to approx. EUR
3.4 billion, comprising around 260 properties. The Company's investment
strategy is geared to the continued development of a high-quality, highly
profitable and regionally diversified portfolio. The real estate portfolio
is structured in two segments: the Commercial Portfolio (EUR 1.9 billion)
comprises existing properties with long-term rental contracts generating
attractive rental yields. The Co-Investments segment (pro-rata share of EUR
0.3 billion) comprises fund investments, joint-venture investments, and
interests in development projects. DIC Asset AG provides a direct service
to tenants through its own real estate management teams in six branch
offices located at the regional hubs within the portfolio. This provides
DIC Asset AG with an edge in terms of market presence and expertise, and
builds the foundation for maintaining and increasing income and the value
of its real estate assets. 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(at)pfaff-kommunikation.de
Investor Relations&Corporate Communications:
Immo von Homeyer
Eschersheimer Landstrasse 223
D-60320 Frankfurt am Main
Tel. +49-69-274033-86
i.vonhomeyer(at)dic-asset.de
End of Corporate News
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14.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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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, DE000A1KQ1N3,
WKN: 509840, A1KQ1N,
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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216377 14.06.2013
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Datum: 14.06.2013 - 07:38 Uhr
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News-ID 269709
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