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DIC Asset AG: EUR 75 million Corporate Bond placed, early closing of order book

 ​DGAP-News DIC Assets​

DIC Asset AG / Key word(s): Issue of Debt

04.07.2013 / 07:31

Frankfurt am Main, 04 July 2013
DIC Asset AG: EUR 75 million Corporate Bond placed, early closing of order book

Today, the SDAX-listed real estate company DIC Asset AG (WKN 509840 / ISIN DE0005098404) closed the institutional order book for its new 5.75% corporate bond (WKN A1TNJ2 / ISIN DE000A1TNJ22) prematurely due to strong and high quality demand from institutional investors and family offices. Based on the existing subscriptions, the volume of the corporate bond will amount to EUR 75 million.

Ulrich Höller, CEO of DIC Asset AG: ‘We are very pleased with the result, especially in this challenging market environment. We have taken advantage of the strong demand amid these volatile market conditions to complete the transaction and to close the institutional order book ahead of schedule’.

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. The bond will further strengthen and diversify the company’s existing financing structure. Moreover, it will permit further optimisation of the company’s financing terms by reducing its bank debt on the portfolio and property level.

The order period for the public offering will end on 08 July 2013. Private investors can still place subscriptions within the public offering. The bond will be issued at 100% of its nominal value and will be repaid at 100% on 09 July 2018. The bond will be listed on the open market of the Frankfurt Stock Exchange, and will simultaneously be included in the Prime Standard for Corporate Bonds of Deutsche Börse AG.

Bankhaus Lampe KG and Baader Bank Aktiengesellschaft acted as joint bookrunner and joint lead manager in the transaction


This document is intended exclusively for information purposes, and constitutes neither an offer of securities for sale nor a solicitation to purchase or subscribe securities.

The prospectus required for the public offering was approved by the Luxembourg Supervisory Authority for the Financial Sector (CSSF) on 28 June 2013. An application for notification of the prospectus has been filed with the German Supervisory Authority for Financial Services (BaFin) and the Austrian Financial Market Authority (FMA). Pursuant to Article 7, Section 7, Luxembourg Law dated 10 July 2005, the CSSF assumes responsibility neither for the economic or financial adequacy of the debenture bonds, nor for the quality and solvency of the issuer. The approved prospectus may be viewed and downloaded on the homepages of DIC Asset AG (, of the Frankfurt Stock Exchange (, and of the Luxembourg Stock Exchange (

The public offering of the debenture bond will proceed exclusively through and on the basis of the aforementioned prospectus as published. Only the prospectus contains the legally mandated information for investors, and represents the exclusive basis of information for the acquisition of the debenture bond.

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.

This document contains forward-looking statements. Forward-looking statements are all statements that do not refer to historical facts or events, but contain wording such as ‘believes’, ‘estimates’, ‘assumes’, ‘expects’, ‘anticipates’, ‘foresees’, ‘intends’, ‘hopes’, ‘could’ or similar expressions. These forward-looking statements are subject to risks and uncertainties, as they relate to future events and are based on current assumptions by DIC Asset AG, which may not occur at all in the future or may not occur as assumed. They do not represent a guarantee for future results or performance of DIC Asset AG and the actual financial condition and results of operations of DIC Asset AG, as well as the development of economic and legal conditions, may materially differ from the information expressed or implied in the forward-looking statements. As a result, investors are cautioned against relying on the forward-looking statements contained herein as a basis for their investment decisions regarding DIC Asset AG. DIC Asset AG assumes no obligation to update or revise any forward-looking statement contained herein or to adapt them to future events or developments.

For more details on DIC Asset AG, please visit us on the Internet at

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 1.8 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.

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Facts & Figures on DIC Asset AG


Type of security bearer debenture
Listing Prime Standard for corporate bonds, Frankfurt
Issuance volume EUR 75 million
Denomination (par value) EUR 1,000 per debenture bond
Coupon 5.75 percent per annum
Maturity 5 years
Advance repayment not possible
Subscription period until 08 July 2013 for the public offer
IPO 09 July 2013


Company Details (IFRS):

  2012 2011
Total earnings EUR 229.1 mn EUR 157.2 mn
Cash flow from operating activities EUR 43.9 mn EUR 38.4 mn
FFO EUR 44.9 mn EUR 40.8 mn
Net asset value EUR 685.4 mn EUR 678.8 mn
Financial debt EUR 1,489.9 mn EUR 1,521.9 mn
Total assets EUR 2,210.2 mn EUR 2,244.6 mn

End of Corporate News

04.07.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
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