Ashurst has advised DIC Asset AG on the placement of its successful second corporate bond issue. The five-year bond has a volume of €75 million, and is listed on the Open Market of the Frankfurt stock exchange in the Prime Standard segment for corporate bonds. The bond has been publicly offered to private and institutional investors in Germany, Luxembourg and Austria.

Ashurst advised DIC Asset AG led by the Frankfurt partner Dr Tobias Krug. His team comprised the associates Dr Angela Brücken and Christian Pieper (all capital markets, Frankfurt). Ashurst already advised DIC Asset AG on its first ever corporate bond in 2011.

DIC Asset AG is a real estate company with a dedicated investment focus on commercial real estate in Germany. According to DIC Asset AG real estate assets under management currently amount to approx. €3.4 billion comprising around 260 properties.

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