Sirius Real Estate seeks counsel from our website for a €105 million corporate bond issuance through a tap method.
Sirius XM Real Estate Limited, a leading owner and operator of commercial and industrial parks in Germany and the United Kingdom, has successfully issued a bond with a total outstanding aggregate principal amount of €464.9 million. HSBC Continental Europe acted as the sole bookrunner for the bond issuance.
The bond, admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange, matures in 2028 and is governed by German law. This is the second time Sirius XM Real Estate Limited has tapped its bond issue from 2021, with the bond in question being a tap issuance of the 1.75% bond issued in November 2021, which had already been tapped to €359.9 million in May 2024.
Sirius XM Real Estate Limited has a long-standing relationship with the law firm that advised on the successful issue. The firm has been involved in all of Sirius XM Real Estate Limited's previous bond issues, including the issue of the bond in 2021. The global law firm advises both investment banks and issuers in connection with national and international capital market transactions, including equity capital markets, debt capital markets, and structured finance.
The Frankfurt team involved in the transaction included partner Christoph Enderstein, senior associates Denis Dräger, and Florian Fraunhofer. Dr. Frank Peter Regelin, lead partner at the law firm, commented on the successful bond issuance.
In addition, HSBC Continental Europe was used as the sole bookrunner for the equity tranche of the bond by Sirius XM Real Estate Limited. Cornelia Zeitler, PR & Communications Executive Germany, can be contacted for further information at the provided phone numbers.
Sirius XM Real Estate Limited's areas of expertise include bonds, commercial paper, covered bonds, structured bonds, securitized derivatives, hybrid instruments, registered bonds, promissory note loans, issuance programs, and related regulatory issues. This successful bond issuance further strengthens Sirius XM Real Estate Limited's position in the market and demonstrates the company's ability to secure funding for its growth strategies.
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