Sirius Real Estate (LSE:SRE), the real estate company, placed €185.1 million nominal value of notes through taps of two existing corporate bonds, increasing the outstanding size of each bond to €500.0 million.
The new notes were priced in line with current trading levels, were well supported by the market, and the proceeds will be used for general corporate purposes and refinancing of existing debt while improving secondary market liquidity and funding flexibility.
"We maintain our disciplined approach to leverage," said Chris Bowman, Chief Financial Officer, summarising the company view on market support and balance sheet flexibility.
Following settlement, the total outstanding nominal amount of each of the 2032 Notes and the 2028 Notes will be €500.0 million.
HSBC acted as Sole Structuring Bank and Sole Global Coordinator, Barclays, BNP Paribas and HSBC acted as Active Bookrunners, ABN AMRO acted as Passive Bookrunner and Lazard acted as Financial Adviser.
Settlement of the issuances is expected to take place on 17 June.
