German listed real estate company DIC Asset has announced plans to issue a five-year corporate bond with a volume of up to EUR 100 mln. The debt securities are intended for private and institutional investors in Germany and Austria within the framework of a public offer.

The offer is set to be available for subscription from early May 2011 onwards in denominations of EUR 1,000. DIC Asset said it is the first listed real estate company in Germany to offer such a large-volume corporate bond to the capital market.

Ulrich Höller, CEO of DIC Asset: 'With this first large-scale corporate bond from a German real estate company, we are giving ourselves greater financing scope at corporate level, which will also help our growth plans. At the same time, we are underlining our claim to be a leading innovator in the German real estate sector.'

Further details about the bond are expected to be announced in late April 2011. DIC Asset has commissioned Berenberg Bank as the global coordinator and bookrunner for placing the bond.