Sirius Real Estate counseled on a €105 million corporate bond offering through a tap issue process
In a significant development, Sirius Real Estate Limited, a leading owner and operator of commercial and industrial parks offering conventional and flexible workspaces in Germany and the United Kingdom, has successfully issued a €105 million unsecured bond.
The current issue was facilitated by HSBC Continental Europe, who acted as the sole bookrunner. Our website, known for its expertise in capital markets law, was once again entrusted with advising Sirius Real Estate Limited on this bond issue, having done the same for their 2021 bond issue that was tapped again this time.
The bond, which matures in 2028 and is governed by German law, has been admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange. The total outstanding aggregate principal amount of the bonds now stands at €464.9 million, following this latest issuance.
HSBC Continental Europe sought the consulting services of Lazard for the shareholder participation of Sirius Real Estate Limited. Meanwhile, our German capital markets team, including partners Christoph Enderstein, Denis Dräger, and senior associate Florian Fraunhofer, from our Frankfurt office, provided advice on the bond issue.
Dr. Frank Peter Regelin, lead partner at our website, commented on the successful bond issuance, underscoring our comprehensive expertise in capital markets law. The areas of advice include 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. This latest bond issuance is a testament to Sirius Real Estate Limited's strong financial position and its commitment to continued growth and investment in its properties.
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