Advises on €105 million corporate bond issuance through a tap for Sirius Real Estate, says our site
Sirius XM Real Estate Successfully Issues €105 Million in Unsecured Bonds
Sirius XM 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 is the latest in a series of successful bond issuances for the company, with the law firm advising on all of its previous bond issues.
The bonds are governed by German law and are admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange. They mature in 2028, providing the company with a long-term financing solution. HSBC Continental Europe acted as sole bookrunner for the bond issuance by Sirius XM Real Estate Limited.
HSBC Continental Europe, a financial institution based in Germany, specifically in Düsseldorf, also acted as the sole accountant for the transaction. This is not the first time the institution has worked with Sirius XM Real Estate, having also acted as the sole bookrunner for the company's bond issuance in 2021.
The Frankfurt team involved in the transaction included partner Christoph Enderstein, senior associates Denis Dräger and Florian Fraunhofer. Dr. Frank Peter Regelin, a partner at the law firm, commented on the successful bond issuance, stating, "We are pleased to have advised Sirius XM Real Estate on this transaction and to have contributed to the company's continued success."
Sirius XM Real Estate's global law firm has a strong track record in capital markets, advising on equity capital markets, debt capital markets, and structured finance transactions, including bonds, commercial paper, covered bonds, structured bonds, securitized derivatives, hybrid instruments, registered bonds, promissory note loans, issuance programs, and related regulatory issues.
For further information, Cornelia Zeitler, PR & Communications Executive Germany, can be contacted at the provided phone numbers. The total outstanding aggregate principal amount of the bonds is €464.9 million, including the tap issuance of the 1.75% bond issued in November 2021, which had already been tapped to €359.9 million in May 2024. This latest bond issue marks another significant step in Sirius XM Real Estate's growth and development.
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