DGAP-News DIC Assets
DGAP-News: DIC Asset AG / Key word(s): Bond
07.03.2018 / 17:44
DIC Asset AG successfully tapped its 2017 Corporate Bond by EUR 50 Million to EUR 180 Million
Frankfurt/Main, 07 March 2018. Today, the real estate company DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) tapped its corporate bond issued in July 2017 (WKN A2GSCV / ISIN DE000A2GSCV5) by way of a private placement by EUR 50 million, increasing the total volume of the bond from EUR 130 million up to EUR 180 million. The new notes were placed with institutional investors. The issue price was set at 102 percent, the upper end of the targeted marketing range. The issue and settlement date is expected to be 14 March 2018.
The new notes are expected to be admitted for trading on the Official List of the Luxembourg Stock Exchange in the regulated market “Bourse de Luxembourg” under the temporary securities code number WKN A2G8V9 / ISIN DE000A2G8V90 as of 14 March 2018. On the evening of 25 April 2018, the new notes are expected to be transferred into the listing of the existing notes with the securities code number WKN A2GSCV / ISIN DE000A2GSCV5 on the Official List of the Luxembourg Stock Exchange in the “Bourse de Luxembourg” regulated market.
“By tapping our successful 2017 corporate bond, we are taking advantage of the positive market and interest environment to further optimise our funding structure. The net issue proceeds will be used to support our general business activities,” said Sonja Wärntges, CEO of DIC Asset AG.
Bankhaus Lampe KG managed the transaction as sole bookrunner.
Disclaimer (Exclusion of Liability)
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.
A public offer of the securities will not take place.
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 forecast that were available to DIC Asset AG 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, visit the company’s homepage 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 1.5 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 1.3 billion in assets under management) are joint venture investments, equity investments in property developments, strategic financial investments, and the management of properties in which the company holds no equity stakes.
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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|Company:||DIC Asset AG|
|Neue Mainzer Straße 20 * MainTor|
|60311 Frankfurt am Main|
|Phone:||+49 69 9454858-1462|
|Fax:||+49 69 9454858-9399|
|ISIN:||DE000A1X3XX4, DE000A1TNJ22, DE000A12T648|
|WKN:||A1X3XX, A1TNJ2, A12T64|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxemburg|
|End of News||DGAP News Service|