Sirius issues €185.1 million of notes in bond taps
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SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54
11 June 2026
("Sirius Real Estate", "Sirius", the "Company" or the "Group")
Sirius issues €185.1 million of new notes in taps of two existing corporate bonds which extend each to €500.0 million benchmark size
Sirius Real Estate announces that it has successfully placed €185.1 million nominal value of notes through taps of two of its existing corporate bonds (together, the "Issuances"), taking each bond to a total outstanding nominal amount of €500.0 million.
The first issuance comprises €150.0 million nominal value of notes to be consolidated and form a single series with the Company's existing €350.0 million 4.000% bonds due 22 January 2032, originally issued in January 2025 (ISIN: XS2973477990) (the "2032 Notes").
The second issuance comprises €35.1 million nominal value of notes to be consolidated and form a single series with the Company's existing €464.9 million 1.750% bonds due 24 November 2028, originally issued in November 2021 (ISIN: XS2412732708) (the "2028 Notes").
The new notes were priced in line with current trading levels of the respective existing bonds and were well supported by the market. Settlement of the Issuances is expected to take place on 17 June 2026. Following settlement, the total outstanding nominal amount of each of the 2032 Notes and the 2028 Notes will be €500.0 million.
The proceeds of the new notes will be used for general corporate purposes and the refinancing of existing debt. Reaching €500.0 million benchmark size for each bond is expected to improve secondary market liquidity across Sirius' public debt platform and further strengthen the Group's funding flexibility.
HSBC acted as Sole Structuring Bank and Sole Global Coordinator, with Barclays, BNP Paribas and HSBC acting as Active Bookrunners, ABN AMRO acting as Passive Bookrunner in connection with the Issuances and Lazard acting as Financial Adviser.
Chris Bowman, Chief Financial Officer of Sirius Real Estate, commented: "These latest bond taps further demonstrate the continued capital markets support for our strategy and portfolio, as well as the value and income we are able to generate from our operating platform. Taking both of our public bonds to €500 million benchmark size is expected to improve secondary market liquidity, while the proceeds give us further financial flexibility to refinance existing debt and support further accretive growth. We maintain our disciplined approach to leverage."
Enquiries:
Sirius Real Estate
Andrew Coombs, CEO / Chris Bowman, CFO
+44 (0) 20 3059 0821
FTI Consulting (Financial PR & IR)
Richard Sunderland / Giles Barrie / Talia Shirion
Tel: +44 (0) 20 3727 1000
SiriusRealEstate@fticonsulting.com
NOTES TO EDITORS
About Sirius Real Estate
Sirius is a property company listed on the equity shares (commercial companies) category market of the London Stock Exchange and the premium segment of the main board of the JSE Limited. It is a leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the U.K. As of 31 March 2026, the Group's portfolio comprised 145 assets let to 11,736 tenants with a total book value of approximately €3.0 billion, generating a total annualised rent roll of €258.6 million. Sirius also holds a 35% stake in Titanium, its €350+ million German-focused joint venture with BNP Paribas Asset Management Alts.
Disclaimer
Lazard & Co., Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively as financial adviser to Sirius and no one else in connection with the bond issue and will not be responsible to anyone other than Sirius for providing the protections afforded to clients of Lazard & Co., Limited nor for providing advice in relation to the bond issue or any other matters referred to in this announcement. Neither Lazard & Co., Limited nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Lazard & Co., Limited in connection with this announcement, any statement contained herein or otherwise.
JSE Sponsor
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