DGAP-News DIC Assets
DGAP-News: DIC Asset AG / Key word(s): Bond
26.09.2018 / 18:10
DIC Asset AG Successfully Places EUR 150 Million Corporate Bond
Frankfurt/Main, 26.09.2018. DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4), one of Germany’s leading listed commercial property companies, successfully placed another corporate bond. Books were covered within a few hours. Based on a solid order book, DIC was able to exceed the initial target volume of EUR 100 million to a total of EUR 150 million. The coupon was fixed at 3.5 percent. The maturity is five years (5NC3). With the private placement successfully concluded, there will be no additional public offering of the corporate bond on 27.09.2018.
The issuer intends to use the collected net issue proceeds for general corporate purposes.
The listing application for the Official list on the Luxembourg Stock Exchange and the admission of the bonds for trading on the regulated market of “Bourse de Luxembourg” has been filed. First trading day is expected to be 02.10.2018.
The private placement was handled by the Bankhaus Lampe KG and Citigroup Global Markets Limited as joint lead managers.
This document is intended solely for information purposes, and constitutes neither an offer of securities for sale nor a solicitation of an offer to purchase or subscribe securities.
There will be no public offering of the corporate bond.
The prospectus has been approved by the Luxembourg Supervisory Authority for the Financial Sector (Commission de Surveillance du Secteur Financier – CSSF) and notified to the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) on 26 September 2018.
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 have not been and will not 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 as amended or else on the basis of an exemption from the registration requirement.
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 forecasts 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, go to the internet at www.dic-asset.de.
About DIC Asset AG:
In its Commercial Portfolio division (EUR 1.6 billion in assets under management), DIC acts as proprietor and property asset holder, and thus generates revenues both from the management of the assets and through the value optimisation of its own real estate portfolio. The Funds division (EUR 1.8 billion in assets under management) generates its revenues by acting as issuer and manager of special real estate funds for institutional investors. Gathered in the business unit Other Investments (EUR 1.6 billion in assets under management) are strategic financial investments, the management of properties in which the company holds no equity stakes, equity investments in property developments and joint venture investments. 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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|DIC Asset AG
|Neue Mainzer Straße 20 * MainTor
|60311 Frankfurt am Main
|+49 69 9454858-1462
|+49 69 9454858-9399
|DE000A1X3XX4, DE000A1TNJ22, DE000A12T648
|A1X3XX, A1TNJ2, A12T64
|Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
|End of News
|DGAP News Service