Sirius issues €105 million of notes in bond tap

Summary by AI BETAClose X

Sirius Real Estate has announced the issuance of €105 million in new notes, which will be consolidated with the existing €359.9 million 1.75% bonds due in November 2028. This issuance represents the second tap of the original €300 million bonds issued in November 2021, following a previous €59.9 million raise in May 2024. The new notes were priced in line with the current trading levels of the existing bonds. The company intends to use the proceeds from these notes to fund potential acquisitions in Germany and the U.K., as well as for general corporate purposes.

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