Sirius Real Estate is counseled on a €105 million corporate bond issue through a tap offering method
Global Law Firm Assists Sirius Real Estate in Successful €105 Million Bond Issue
In a significant move, global law firm has advised Sirius Real Estate Limited on the successful issue of unsecured bonds with a volume of €105 million. HSBC Continental Europe acted as the sole bookrunner for the bond issuance.
The bond matures in 2028 and is governed by German law. It is admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange. The Frankfurt team that worked on the bond issuance included partner Christoph Enderstein, senior associates Denis Dräger and Florian Fraunhofer.
This is not the first time the global law firm has worked with Sirius Real Estate. In fact, they have advised the company on all of its previous bond issues, including the issue of the bond in 2021. The bond in 2021 that was tapped again in the current issue had a maturity date of 2028.
Sirius Real Estate Limited is a leading owner and operator of commercial and industrial parks in Germany and the United Kingdom. The investment bank involved in advising on the bond issuance of Sirius Real Estate Limited was J.P. Morgan.
The total outstanding aggregate principal amount of the bond is €464.9 million. The global law firm's German capital markets team advises on equity capital markets, debt capital markets, and structured finance transactions. Their 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.
Dr. Frank Peter Regelin, a partner at the global law firm, commented on the successful bond issuance, expressing his satisfaction with the outcome and the firm's ongoing relationship with Sirius Real Estate. The successful bond issuance is a testament to the expertise and dedication of the global law firm's German capital markets team.
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