Advises on a €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 tapped into the bond market with a €105 million issue. The current bond issue was made by way of a tap issuance of the 1.75% bond issued in November 2021.
HSBC Continental Europe acted as the sole bookrunner for the bond issuance, while Credit Suisse served as the sole bookrunner for the initial issue in 2021. The global law firm, with its extensive expertise in capital markets transactions, advised Sirius Real Estate Limited on this successful issue.
The global law firm's German capital markets team, known for its work in 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, provided the legal counsel for this transaction.
Dr. Frank Peter Regelin, a partner at the global law firm, commented on the successful bond issuance, praising the collaborative effort that led to its success. The Frankfurt team that worked on the bond issue included partners Christoph Enderstein and Denis Dräger, and senior associates Florian Fraunhofer.
The bonds issued by Sirius Real Estate Limited are governed by German law and are admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange. The bond matures in 2028, making it a medium-term investment for those interested in the real estate sector.
Cornelia Zeitler, PR & Communications Executive Germany, can be contacted for further information at the provided phone numbers. The total outstanding aggregate principal amount of the bond is €464.9 million, reflecting the confidence investors have in Sirius Real Estate Limited's business model and growth potential.
This latest bond issue is not the first time the global law firm has advised Sirius Real Estate on its bond issues. The firm has been a trusted advisor for the company since its initial bond issue in 2021, demonstrating its commitment to supporting Sirius Real Estate Limited in its growth journey.
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