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DIC Asset AG Plans to Issue Corporate Bond

DGAP-News: DIC Asset AG / Key word(s): Bond
DIC Asset AG Plans to Issue Corporate Bond

14.06.2013 / 07:38

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Frankfurt, 14 June 2013

DIC Asset AG Plans to Issue Corporate Bond

The SDAX-listed real estate company DIC Asset AG (WKN 509840/ ISIN
DE0005098404) has decided in principle to issue a second five-year
corporate bond with a volume of at least EUR 75 million. The corporate bond
shall be included in the Prime Standard for corporate bonds at Deutsche BörseBörse AG. The company intends to use the issue proceeds to refinance
existing bank debt on the portfolio and property level as well as for
general corporate purposes.

As the positive experience with the first corporate bond demonstrated, this
form of capital market financing has been established as a flexible and
cost-efficient component in the financing activities of DIC Asset AG. It
further enhances and diversifies the company's financing structure.
Moreover, it will permit further optimisation of the company's financing
conditions by reducing its bank debt on the portfolio and property level.
On this level, the issue proceeds can be used as equity and therefore serve
as an attractive alternative to classic junior or mezzanine loans. That
way, the overall debt level and the net debt equity ratio of the company
remain unchanged.

The corporate bond will be issued through a public offering of the company
in Germany, Luxembourg and Austria as well as through an international
private placement with qualified investors in Germany and certain other
countries. Details on the bond are expected to be announced until early
July 2013. Once approved, the prospectus required for the public offering
will then be published on the website of DIC Asset AG.

The company has appointed Bankhaus Lampe KG and Baader Bank AG to act as
joint bookrunner for the placing of the bonds.

Ulrich Höller, CEO of DIC Asset AG: 'The planned issue will help us to base
our debt financing on an even broader basis and to expand our financial
leeway. We take advantage of the high degree of flexibility and the proven
cost effectiveness of this financing instrument in line with our mid- and
long-term corporate objectives.'


Disclaimer

This document constitutes neither an offer of securities for sale nor a
solicitation to purchase or subscribe securities. Any possible future
public offering of a debenture bond will be submitted exclusively in the
form, and on the basis, of a listing prospectus to be published pending its