DGAP-News: DIC Asset AG: issue of third corporate bond

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

02.09.2014 / 09:28


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.


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
managers within the framework of the private placement, nor the issuer
within the framework of the public offering, are obliged to allocate or
deliver notes to investors.

The public offering of the notes will proceed exclusively through and on
the basis of the aforementioned prospectus as published. Only the
prospectus contains the legally mandated information for investors, and
represents the exclusive basis of information for the acquisition of the
notes in the context of the public offering.

This document constitutes neither an offer of securities for sale nor a
solicitation to submit an offer for the purchase of securities in the
United States of America, nor is it part of such an offer or such a
solicitation. The securities have not been and will not be registered
pursuant to the provisions of the United States Securities Act, and may not
be sold or offered for sale in the United States of America except after
prior registration pursuant to the provisions of the US Securities Act as
amended or else on the basis of an exemption from the registration

The information provided in this publication must not be forwarded to or
within the United States of America, Canada, Japan or Australia.

Unless expressly stated otherwise, all of the information, data,
assumptions and forward looking statements contained in this document refer
to information, data and forecasts that were available to the company at
the time of publication. In accordance with applicable laws, DIC Asset AG
assumes no obligation to, and will not, update this document in any form

For more information on DIC Asset AG, please visit the Company's website

About DIC Asset AG:

Established in 2002, DIC Asset AG, with registered offices in
Frankfurt/Main, is a real estate company with a dedicated investment focus
on commercial real estate in Germany, pursuing a return-oriented investment
policy. Real estate assets under management currently amount to approx. EUR
3.4 billion, comprising around 250 properties. The Company's investment
strategy is geared to the continued development of a high-quality, highly
profitable and regionally diversified portfolio. The real estate portfolio
is structured in two segments: the Commercial Portfolio (EUR 2.2 billion)
comprises existing properties with long-term rental contracts generating
attractive rental yields. The Co-Investments segment (pro-rata share of EUR
0.2 billion) comprises fund investments, joint-venture investments, and
interests in development projects. DIC Asset AG provides a direct service
to tenants through its own real estate management teams in six branch
offices located at the regional hubs within the portfolio. This provides
DIC Asset AG with an edge in terms of market presence and expertise, and
builds the foundation for maintaining and increasing income - and the value
of its real estate assets. DIC Asset AG has been included in the SDAX(R)
segment of the Frankfurt Stock Exchange since June 2006. The Company's
shares are also included in the EPRA index, which tracks the performance of
the most important European real estate companies.

Press contact

Thomas Pfaff Kommunikation 
Höchlstrasse 2
81675 Munich, Germany
Phone: +49 89 992496-50
Fax: +49 89 992496-52
Mobile: +49 172 8312923

Investor Relations

Peer Schlinkmann
Neue Mainzer Strasse 20 - MainTor
60311 Frankfurt/Main, Germany
Phone: +49 69 274033-1221
Fax +49-69-274033-9399


02.09.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:    English                                                
Company:     DIC Asset AG                                           
             Neue Mainzer Straße 20 * MainTor                       
             60311 Frankfurt                                        
Phone:       +49 69 9454858-1240                                    
Fax:         +49 69 9454858-9399                                    
E-mail:      ir@dic-asset.de                                        
Internet:    www.dic-asset.de                                       
ISIN:        DE000A1X3XX4, DE000A1KQ1N3, DE000A1TNJ22               
WKN:         A1X3XX, A1KQ1N, A1TNJ2                                 
Indices:     S-DAX                                                  
Listed:      Regulierter Markt in Frankfurt (Prime Standard);       
             Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,  
             München, Stuttgart                                     
End of News    DGAP News-Service  
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