Corporate Bonds

In a bid to expand its gearing options over and above the classic mortgage financing, DIC Asset AG issued six corporate bonds since 2011.

• The company’s first corporate bond (ISIN DE000A1KQ1N3), placed in May 2011, had a volume of approximately EUR 70 million and included an interest coupon of 5.875 percent. Within the framework of a private placement, the volume of this corporate bond was topped up by EUR 30 million to its maximum issuance volume of EUR 100 million in 2012/2013. The offer was available exclusively to institutional investors. The topped-up bond was listed in the Prime Standard for corporate bonds at the Frankfurt Stock Exchange in April 2013. In September 2014, DIC Asset AG resolved to prematurely terminate this corporate bond. Bondholders were paid the equivalent of 100.5 % of the nominal amount of the bond plus the interest accrued by the redemption date in October 2014.
• On 09 July 2013, DIC Asset AG issued its second corporate bond (ISIN DE000A1TNJ22) in a volume of EUR 75 million with an interest coupon of 5.750 percent. The bond was floated on the OTC market of the Frankfurt Stock Exchange on 09 July 2013, and simultaneously listed in the Prime Standard for corporate bonds of Deutsche Börse AG. Within the framework of a private placement, the volume of this corporate bond was topped up by EUR 25 million to its maximum issuance volume of EUR 100 million in February 2014. The bond matured on 09 July 2018.
• The third corporate bond (ISIN DE000A12T648), issued within the framework of a private placement in September 2014, had a volume of EUR 125 million and included an interest coupon of 4.625 percent. The bond was floated on the OTC market of the Frankfurt Stock Exchange on 08 September 2014, and listed in the Prime Standard for corporate bonds of Deutsche Börse AG. The net issue proceeds were used to repay existing debt, in particular the Company’s first bond. This corporate bond was topped up by EUR 50 million to EUR 175 million in April 2015. This bond matured on 08 September 2019.
• In July 2017, DIC Asset AG placed its fourth corporate bond (ISIN DE000A2GSCV5) within the framework of an international private placement in a volume of EUR 130 million and with an interest coupon of 3.25 percent. The bond has been listed on the Official List of the Luxembourg Stock Exchange since 11 July 2017, and has been admitted for trade on the regulated market of “Bourse de Luxembourg.” This corporate bond was topped up by EUR 50 million to EUR 180 million in March 2018. The issuing proceeds were primarily used for the repayment of older debt, especially the second bond which matured in 2018. This fourth bond matured on 11 July 2022.
• In September 2018, DIC Asset AG very successfully issued its fifth corporate bond (ISIN DE000A2NBZG9) within the framework of an international private placement, exceeding the initial target volume of EUR 100 million to a total of EUR 150 million. The coupon was fixed at 3.5 percent. The corporate bond has been listed on the Official List of the Luxembourg Stock Exchange since 2 October 2018, and has been admitted for trade on the regulated market of “Bourse de Luxembourg.” This bond will reach maturity on 2 October 2023.
• Im September 2021 DIC Asset AG priced a senior unsecured fixed-rate green corporate bond with an aggregate par value of EUR 400,000,000.00 and a 5-year maturity (due September 2026) today, making it the first bond issuance of this type in the company’s history. The intended use of the bond proceeds towards the acquisition of Green Buildings complies with Sustainable Development Goals 9 and 11 defined by the United Nations.The bond with a coupon rate of 2.25 % has a denomination of EUR 100,000 each, and will trade on the Euro MTF market of the Luxembourg stock exchange (ISIN: XS2388910270).