DIC Asset AG: coupon 5.875%
Volume: 100 million €
The SDAX-listed real estate investor DIC Asset AG (DE0005098404) has laid down the conditions for the announced corporate bond: The five-year, unsecured corporate bond with a volume of up to € 100 million interest rate of 5.875%. The issue price is 100.00% of par. The subscription period runs from 5 to 11 May 2011 and can be terminated in case of drawing. The first listing is for 16 May 2011 provided. The Notes will be offered through a public offering to private and institutional investors in Germany and Austria. They can be drawn in the denomination of 1,000 euros and in the open market are the German Stock Exchange (Entry Standard segment of bonds) were included.
DIC Asset AG is the first publicly traded real estate companies in Germany, serving the capital market such a large volume corporate bond. For the company, the loan is a flexible and attractive way of additional debt financing, which goes beyond the traditional mortgage loans and it adds. DIC Asset AG had in March this year, five times over-subscribed, acquired through a capital increase of € 50 million in new capital. The new funds - both from the capital and from the placement of the bond - are especially been designed to quickly and flexibly respond to attractive buying opportunities in the market. This generates the DIC Asset AG further growth, which leads to higher capacity and higher revenues.
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EVENT NOTICE:
On 24 May in Cologne, the Entrepreneur Workshop "corporate bonds - a chance for the middle class instead.
Partners of the event are: BOND MAGAZINE, Börse Stuttgart, Creditreform rating IR.on, Osborne Clarke and quirin bank
Details at Bond Conference: Unternehmensanleihen
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The bond offers an attractive opportunity to participate in the success of DIC Asset AG: DIC Asset AG generates a balanced real estate portfolio (real estate assets of three billion euros) for years stable income and profits. The main reason for success is its own asset and property management, with which it provides six sites in Germany in geographical proximity to their tenants a professional property management and rental. The company is sound and has recently reduced its debt significantly and strengthen the equity base. A reliable cash flow resulting from continuous rental income of DIC Asset AG. This adds a planned sales strategy that established strategic value realized.
Due to their listing and their membership is subject to the SDAX-DIC Asset AG high transparency standards. A quarterly and extensive reporting of financial information allows close monitoring and periodic monitoring of business performance. For this reason, for that issue in the context of listing on the Frankfurt Stock Exchange and no rating is required. Also enjoys the DIC Asset AG through its multi-year membership in the SDAX and the established European real estate index EPRA high confidence among German and international investors.
Interested investors can subscribe for the Notes on their house or direct bank on the Frankfurt Stock Exchange and on the global coordinator and bookrunner Berenberg Bank, Hamburg, and the co-manager Explanatory remarks on the Bank, Dusseldorf. A firm commitment of both banks in the underwriting and placement agreement is secured a placement volume of at least € 60 million.
Ulrich Höller, CEO of DIC Asset AG: "Investing with the DIC-bond investors for years continuously profitable and innovative real estate company that invests exclusively in Germany, Europe's most stable commercial real estate market."
Of the transaction:
Issuer: DIC Asset AG
Volume: 100 million €
Coupon: 5.875%
Issue price: 100.00%
Subscription Period: 5th-11th May 2011
First notice: 16th May 2011
Segment: Entry Standard Bond
Denomination: 1000 €
Volume: 100 million €
The SDAX-listed real estate investor DIC Asset AG (DE0005098404) has laid down the conditions for the announced corporate bond: The five-year, unsecured corporate bond with a volume of up to € 100 million interest rate of 5.875%. The issue price is 100.00% of par. The subscription period runs from 5 to 11 May 2011 and can be terminated in case of drawing. The first listing is for 16 May 2011 provided. The Notes will be offered through a public offering to private and institutional investors in Germany and Austria. They can be drawn in the denomination of 1,000 euros and in the open market are the German Stock Exchange (Entry Standard segment of bonds) were included.
DIC Asset AG is the first publicly traded real estate companies in Germany, serving the capital market such a large volume corporate bond. For the company, the loan is a flexible and attractive way of additional debt financing, which goes beyond the traditional mortgage loans and it adds. DIC Asset AG had in March this year, five times over-subscribed, acquired through a capital increase of € 50 million in new capital. The new funds - both from the capital and from the placement of the bond - are especially been designed to quickly and flexibly respond to attractive buying opportunities in the market. This generates the DIC Asset AG further growth, which leads to higher capacity and higher revenues.
-------------------------------------------------- ------------------
EVENT NOTICE:
On 24 May in Cologne, the Entrepreneur Workshop "corporate bonds - a chance for the middle class instead.
Partners of the event are: BOND MAGAZINE, Börse Stuttgart, Creditreform rating IR.on, Osborne Clarke and quirin bank
Details at Bond Conference: Unternehmensanleihen
-------------------------------------------------- ------------------
The bond offers an attractive opportunity to participate in the success of DIC Asset AG: DIC Asset AG generates a balanced real estate portfolio (real estate assets of three billion euros) for years stable income and profits. The main reason for success is its own asset and property management, with which it provides six sites in Germany in geographical proximity to their tenants a professional property management and rental. The company is sound and has recently reduced its debt significantly and strengthen the equity base. A reliable cash flow resulting from continuous rental income of DIC Asset AG. This adds a planned sales strategy that established strategic value realized.
Due to their listing and their membership is subject to the SDAX-DIC Asset AG high transparency standards. A quarterly and extensive reporting of financial information allows close monitoring and periodic monitoring of business performance. For this reason, for that issue in the context of listing on the Frankfurt Stock Exchange and no rating is required. Also enjoys the DIC Asset AG through its multi-year membership in the SDAX and the established European real estate index EPRA high confidence among German and international investors.
Interested investors can subscribe for the Notes on their house or direct bank on the Frankfurt Stock Exchange and on the global coordinator and bookrunner Berenberg Bank, Hamburg, and the co-manager Explanatory remarks on the Bank, Dusseldorf. A firm commitment of both banks in the underwriting and placement agreement is secured a placement volume of at least € 60 million.
Ulrich Höller, CEO of DIC Asset AG: "Investing with the DIC-bond investors for years continuously profitable and innovative real estate company that invests exclusively in Germany, Europe's most stable commercial real estate market."
Of the transaction:
Issuer: DIC Asset AG
Volume: 100 million €
Coupon: 5.875%
Issue price: 100.00%
Subscription Period: 5th-11th May 2011
First notice: 16th May 2011
Segment: Entry Standard Bond
Denomination: 1000 €
