SDAX-listed real estate company DIC Asset has issued its third corporate bond with a volume of €125 mln and a five-year maturity.
SDAX-listed real estate company DIC Asset has issued its third corporate bond with a volume of €125 mln and a five-year maturity.
The bond has been priced at 4.625%.
Ulrich Höller, CEO of DIC Asset, said: 'We take the keen demand for our third bond as a sign of the great and sustained confidence that professional investors have in our business model.'
The private placement was carried out by Bankhaus Lampe KG and Citigroup Global Markets as joint lead managers.
DIC Asset intends to use the net proceeds from the issue to repay existing debt, in particular the company's first bond which bore a coupon of 5.875%.
'Corporate bonds have proven to be a flexible and cost-effective financing component for DIC Asset,' the company said.