REG - Sirius Real Estate - Sirius issues €185.1 million of notes in bond taps

Sirius Real EstateAnnouncement

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RNS Number : 8340H  Sirius Real Estate Limited  11 June 2026

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

PSG Capital

 

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