Sirius Real Estate consults on the emission of a €105 million corporate bond through a tap issue process
In a significant move, a leading global law firm has advised HSBC Continental Europe, acting as the sole bookrunner, on the successful issue of unsecured bonds by Sirius Real Estate Limited. The German-based real estate company raised €105 million through the bond issuance, which matures in 2028 and is governed by German law.
Sirius Real Estate Limited, a prominent owner and operator of commercial and industrial parks in Germany and the United Kingdom, tapped the 1.75% bond issued in November 2021 for this transaction. The bond, admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange, has already been tapped to €359.9 million in May 2024, bringing the total outstanding aggregate principal amount to €464.9 million.
The Frankfurt team at the global law firm, led by partner Christoph Enderstein, worked on the bond issuance. Senior associates Denis Dräger and Florian Fraunhofer were also part of the team. The firm has previously advised Sirius Real Estate Limited on all of its bond issues, including the bond issue in 2021 that has been tapped again.
Dr. Frank Peter Regelin, a partner at the global law firm, commented on the successful bond issuance, praising the collaborative efforts 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 both investment banks and issuers in various capital market transactions, including bonds, commercial paper, covered bonds, structured bonds, securitized derivatives, hybrid instruments, registered bonds, promissory note loans, issuance programs, and related regulatory issues. HSBC Continental Europe, as a major financial institution and investment bank, acted as the sole bookrunner for the equity issuance of Sirius Real Estate Limited.
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