DGAP-News

DIC Asset AG: issue of third corporate bond

DGAP-News: DIC Asset AG / Key word(s): Issue of Debt
DIC Asset AG: issue of third corporate bond

02.09.2014 / 09:28

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Frankfurt, 02 September 2014

DIC Asset AG: issue of third corporate bond

The SDAX-listed real estate company DIC Asset AG (WKN A1X3XX / ISIN
DE000A1X3XX4) is issuing its third corporate bond.

The five-year corporate bond will be issued in a volume of at least EUR 100
million. The final bond volume and the coupon will be determined on the
basis of an international private placement, and subsequently published on
the website of DIC Asset AG. Moreover, the corporate bond is to be offered
within the framework of a public offering in Luxembourg and Germany as soon
as the prospectus has been approved by the Luxembourg Financial Sector
Supervisory Commission (CSSF) and the Federal Financial Supervisory
Authority (BaFin) has been notified. This is expected to occur in the
course of 02 September 2014, the prospectus will subsequently be published
on the website of DIC Asset AG.

The private placement is being carried out by Bankhaus Lampe KG and
Citigroup Global Markets Limited as joint lead managers.

DIC Asset AG intends to use the net issue proceeds to repay existing debt.
In particular the Company's first bond (ISIN DE000A1KQ1N3, EUR 100,000,000
with a coupon of 5.875 per cent) is to be repaid prematurely.

Corporate bonds have proven to be a flexible and cost-effective financing
component for DIC Asset AG. The new issue and the planned early redemption
of the first corporate bond will bolster the Company's existing funding
structure, and will help to optimise the terms of financing for the
Company. At the same time, DIC Asset AG's medium-term goal of reducing the
gearing ratio (LtV) to less than 60% by the end of 2016 remains in place.


Disclaimer

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.

The prospectus required for the public offering is expected to be approved
by the Luxembourg Supervisory Authority for the Financial Sector
(Commission de Surveillance du Secteur Financier - CSSF) and notified to
the Federal Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht - BaFin) on 02 September 2014.

The notes will be made available by the company in the form of a public
offering after the CSSF approval becomes effective, and following the
notification of the prospectus by the CSSF pursuant to Article 18,
Prospectus Directive, in Luxembourg and Germany. Neither the joint lead