German listed property company DIC Asset AG has decided in principle to issue a second five-year corporate bond.
German listed property company DIC Asset AG has decided in principle to issue a second five-year corporate bond.
The SDAX-listed real estate company said it will have a volume of at least EUR 75 million. The corporate bond shall be included in the Prime Standard for corporate bonds at Deutsche Börse 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.
The corporate bond will be issued through a public offering 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 in early July.
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The company has appointed Bankhaus Lampe and Baader Bank to act as joint bookrunner for the placing of the bonds.
DIC Asset placed its first corporate bond with a volume of €100 mln in January this year.
