DIC Asset AG is issuing a corporate bond in Deutsche Börse’s Entry Standard. The bond can be subscribed from 5 May with ISIN DE000A1KQ1N3. The DIC Asset AG bond has a volume of up to €100 million, runs for five years and has an interest rate of 5.875 percent. The nominal denomination is €1,000.
Trading is planned to commence on 16 May.
“We are delighted that DIC Asset AG is issuing a corporate bond in the Entry Standard,” said Alexander Höptner, Head of Markets Services at Deutsche Börse. “The opportunity to place bonds through a public offering is an attractive financing option for companies. The financing is quick, simple and cost-effective.”
“With this first large-scale corporate bond from a German real estate company, we are giving ourselves greater financing scope at corporate level, which will also help our growth plans,” said Ulrich Höller, CEO of DIC Asset AG. “At the same time, we are underlining our claim to be a leading innovator in the German real estate sector.”
DIC Asset AG, with registered offices in Frankfurt am Main is a real estate company with a dedicated investment focus on commercial real estate in Germany, pursuing a return-oriented investment policy. According to information from the company, the real estate portfolio totals approximately €3.2 billion with around 290 properties.
