DIC Asset AG: Issuance of corporate bond will not be pursued
October 12, 2020 at 12:57 pm EDT
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DGAP-Ad-hoc: DIC Asset AG / Key word(s): Bond
DIC Asset AG: Issuance of corporate bond will not be pursued
12-Oct-2020 / 18:57 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DIC Asset AG
Disclosure of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014 (MAR)
DIC Asset AG: Issuance of corporate bond will not be pursued
Frankfurt, October 12, 2020 - The management board of DIC Asset AG (WKN: A1X3XX / ISIN: DE000A1X3XX4) (the "Company") today decided not to issue a corporate bond because, in the Company's view, the commercial basis for the originally planned issuance is currently not sufficiently attractive.
DIC Asset AG
Management Board
Contact:
Peer Schlinkmann
Head of Investor Relations & Corporate Communications
Neue Mainzer Straße 20
Maintor
60311 Frankfurt am Main
Contact:
DIC Asset AG
Peer Schlinkmann
Head of Investor Relations & Corporate Communications
Neue Mainzer Str. 20
60311 Frankfurt am Main
Phone +49 69 9454858-1492
ir@dic-asset.de
12-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
BRANICKS Group AG, formerly DIC Asset AG is a Germany-based real estate holding Company, which focuses on investing in German commercial real estate. It expands its real estate assets through acquisition and project development. The Company divides its business processes into two main business segments: Commercial Portfolio and Co-Investments segment. The Commercial Portfolio's investment horizon varies from mid to long-term and includes direct real estate investments. The Co-Investment segment comprises the investments, including co-investments in special funds and joint venture investments. It operates the funds: DIC Office Balance I, an office property fund; DIC Office Balance II, an office property fund; and DIC HighStreet Balance, a retail property fund.