German listed property firm DIC Asset said on Tuesday that it will raise the volume of its corporate bond issued in July by up to €25 mln, increasing the total volume of the bond to up to €100 mln.
German listed property firm DIC Asset said on Tuesday that it will raise the volume of its corporate bond issued in July by up to €25 mln, increasing the total volume of the bond to up to €100 mln.
The new notes will be offered in a private placement. They will have the same terms and conditions as the existing notes, including the maturity date of 9 July 2018. The settlement date is expected to be 7 February 2014.
DIC Asset plans to use the net proceeds of the placement to refinance existing bank debt at portfolio and property level, and for general corporate purposes.
Bankhaus Lampe is managing the transaction as sole bookrunner.
