DIC Asset’s €400 Million Green Bond Offering

DIC Asset's €400 Million Green Bond Offering

White & Case has advised Goldman Sachs and HSBC on the transaction.

DIC Asset AG finalized its issuance of a €400 million green bond.

The bond has a maturity of five years, an annual coupon of 2.25% and will be admitted to trading on the Euro MTF segment of the Luxembourg Stock Exchange.

An amount equal to the bond proceeds will be invested 100 percent in suitable sustainable projects in accordance with the DIC Green Bond Framework of September 2021.

DIC Asset AG is a Germany-based real estate holding company that focuses on investing in German commercial real estate. 

The White & Case team in Frankfurt which advised on the transaction was led by partners Rebecca Emory (Picture) and Karsten Wöckener and included partners Gernot Wagner and Bodo Bender, local partners Peter Becker and Daniel Rogits, counsel Alexander Born and associates Daniel Gillenkirch and Philipp Kronenbitter.

Involved fees earner: Peter Becker – White & Case; Bodo Bender – White & Case; Alexander Born – White & Case; Rebecca Emory – White & Case; Daniel Gillenkirch – White & Case; Philipp Kronenbitter – White & Case; Daniel Rogits – White & Case; Gernot Wagner – White & Case; Karsten Wöckener – White & Case;

Law Firms: White & Case;

Clients: Goldman Sachs & Co.; HSBC;