DIC Asset has raised the volume of its corporate bond by €30 mln to the maximum volume of €100 mln in a private placement.
DIC Asset has raised the volume of its corporate bond by €30 mln to the maximum volume of €100 mln in a private placement.
The German listed real estate company said full placement was achieved in January 2013. There was sufficient demand for a higher volume.
The non-collateralised junior corporate bond was issued by the company in May 2011 to strengthen and diversify its financing. Structured for an interest rate of 5.875% per annum and a five-year maturity, the bond started trading on Monday as the fourth bond in the Prime Standard for corporate bonds of the Frankfurt stock exchange.
Previously, the bond has been listed in the Entry Standard.
Corporate finance and bond specialist youmex in Frankfurt facilitated the transaction through consultancy and the actual placement.
