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Investing.com -- Sirius Real Estate has issued €105 million in new notes that will be consolidated with its existing €359.9 million 1.75% bonds due November 2028, the company announced Monday.
This represents the second tap of the original €300 million notes issued in November 2021, following a €59.9 million raise completed in May 2024.
The new notes were priced in line with current trading levels of the existing 2021 notes.
This latest issuance follows strong investor demand for the company’s €350 million 7-year bond issued in January 2025.
Proceeds from the bond tap will be directed toward Sirius Real Estate’s pipeline of potential property acquisitions in Germany and the UK, as well as for general corporate purposes.
Chris Bowman, CFO of Sirius Real Estate, said: "This latest bond tap underscores confidence in our strategy, platform and portfolio. The €105m proceeds enhance our capacity to pursue accretive growth, while maintaining disciplined leverage and preserving our net LTV within our long-standing guidance of below 40%."
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