Dr. Karl Kuhlmann

CEO of S.A.G. Solarstrom AG

"After the issue of our second corporate
bond, placed by youmex, we are able to
strengthen our financial base even more
and accelerate the sustainable growth
course of our core business areas with a
solid foundation."

youmex accompanies DIC Asset AG corporate bond's increase and segment change

04.03.2013

DIC Asset AG (German Securities Code Number WKN 509840 / ISIN DE0005098404) just raised the volume of its corporate bond by EUR 30 million to the maximum issuance volume of EUR 100 million in a private placement. The offer was available exclusively to institutional investors. Full placement was achieved in January 2013, and eventual demand would have permitted an even higher volume. Corporate finance and bond specialist youmex in Frankfurt facilitated the transaction through consultancy and the actual placement.

The non-collateralised junior corporate bond was issued by the company in May 2011 in order to put corporate financing on a broader basis. Structured for an interest rate of 5.875% p.a. and a five-year maturity, it will start trading as fourth bond in the Prime Standard for corporate bonds of the Frankfurt stock exchange (EU-regulated market) from today. Previously the bond has been listed in the Entry Standard.

With a trading volume of EUR 240,000 per day, the bond is subject to keen demand and liquidity at the Frankfurt Stock Exchange. The quoted price averaged 98% in the course of the year. The most recent price quote of last Friday (1 March 2013) was close to 102%.

Said Markus Koch, CFO of DIC Asset AG: 'The successful raise of the DIC bond and its high level of liquidity in stock trading reflect the deep trust that bond investors have in the business model of DIC Asset AG.'

'We are pleased that the DIC bond has moved up into the Prime Standard for corporate bonds. It is the segment with the highest transparency standards in Europe, and has expanded our borrowing options since fall of last year. The offer is addressed to major companies who wish to place bonds over 100 million EUR or more,' said Barbara Georg, Head of the Listing & Issuer Services Department at Deutsche Börse.


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 amount to approx. EUR 3.4 billion, comprising around 270 properties, of which EUR 2.2 billion is carried on DIC Asset AG's statement of the balance sheet. The investment strategy of DIC Asset AG aims at the continuous development of a quality-driven, high-yield, and regionally diversified portfolio. The real estate portfolio is structured in two segments: The 'Commercial Portfolio' (EUR 1.9 billion) includes existing properties let on long-term leases and returning attractive rental yields. The 'Co-Investment' segment (EUR 0.3 billion) pools fund investments, joint venture investments, and investments in project developments. Own real estate management teams provide a direct service to tenants through six branch offices located at the regional hubs within the portfolio. This kind of market presence and expertise creates the basis for preserving and enhancing income and real estate values. 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.

About youmex:
youmex group, Frankfurt am Main, combines complementary specialised institutes for tailor-made all-in-one financing solutions with transaction volumes of EUR 10 to EUR 250 million. As a financing platform, youmex as a one stop shop has been simplifying, accelerating and optimising transactions financing and capital market transactions for more than 10 years. The Project Finance area focuses on the Real Estate and Clean Energy asset classes. In particular, youmex arranges bridge, short-term and long-term financing of wind and solar parks for project developers and investors throughout Europe. By accessing more than 400 investors, youmex also markets and places wind and solar power plants – directly or in the form of investments in project companies or by take-overs. In the Capital Markets area, youmex AG, a German Stock Exchange Listing Partner, and its partner network accompany all steps required for raising capital. Securities are placed by youmex Invest AG, a financial services institute approved by the German Federal Financial Supervisory Authority (BaFin) and now one of leaders for small and mid cap bonds.


 

 

Ansprechpartner

  • Kai Hartmann

    Owner of
    youmex group

    +49 69 505045 333
    +49 1 77 20 97 333
    +49 69 505045 200
    kh(at)youmex.de

  • Stefan Stoehr

    CEO of
    youmex group

    +49 69 505045 000
    +49 160 3677972
    +49 69 505045 200
    sts(at)youmex.de

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