Advises on €105 million corporate bond issuance by Sirius Real Estate through a tap method
In a significant move, Sirius Real Estate Limited, a leading owner and operator of commercial and industrial parks in Germany and the United Kingdom, has successfully issued unsecured bonds with a volume of €105 million. This latest bond matures in 2028 and is governed by German law.
The bond issuance was facilitated by the sole bookrunner, Deutsche Bank, with HSBC Continental Europe also playing a crucial role in the process. The Frankfurt team that worked on the bond issuance included partners Christoph Enderstein and Denis Dräger, and senior associate Florian Fraunhofer from a global law firm.
The bond issue was made by way of a tap issuance of the 1.75% bond issued in November 2021. Notably, the 2021 bond had already been tapped to €359.9 million in May 2024. The bond is admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange.
Dr. Frank Peter Regelin, partner at the law firm, commented on the successful bond issuance, praising the collaborative effort of all parties involved. For further information, Cornelia Zeitler, PR & Communications Executive Germany, can be contacted at the provided phone numbers.
The global law firm's German capital markets team advises on national and international capital market transactions, including equity capital markets, debt capital markets, and structured finance. Their areas of expertise include bonds, commercial paper, covered bonds, structured bonds, securitized derivatives, hybrid instruments, registered bonds, promissory note loans, issuance programs, and related regulatory issues.
The law firm has advised Sirius Real Estate on all of its previous bond issues, underscoring their long-standing relationship and commitment to the company's success. The total outstanding aggregate principal amount of the bond is €464.9 million.
This latest bond issuance by Sirius Real Estate Limited is a testament to the company's strong financial position and its continued growth in the commercial and industrial real estate sector.
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