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Pin to quick picksSirius Real Estate Share News (SRE)

Share Price Information for Sirius Real Estate (SRE)

London Stock Exchange
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Share Price: 98.15
Bid: 98.35
Ask: 98.50
Change: 0.40 (0.41%)
Spread: 0.15 (0.153%)
Open: 98.60
High: 99.30
Low: 97.90
Prev. Close: 97.75
SRE Live PriceLast checked at -

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Sirius Real Estate raises EUR350 million via oversubscribed bond issue

Wed, 16th Jun 2021 14:06

(Alliance News) - Sirius Real Estate Ltd on Wednesday said it has successfully placed its inaugural corporate bonds to raise EUR350 million.

The EUR350 million senior bond has a five-year term with maturity in 2026 and a coupon of 1.125%, the London-based operator of German business parks said.

"The order book for the bonds was significantly oversubscribed, reflecting the strong endorsement by the capital markets for the company and its business model," the company said.

The company will use part of the proceeds to refinance existing secured debt facilities, with the remainder going towards the "significant pipeline of potential acquisitions", as well as general corporate purposes.

The bond is expected to be rated BBB by Fitch Ratings, Sirius noted.

Chief Executive Alistair Marks said: "The successful issue of our first corporate bonds, which was heavily oversubscribed, is proof of the attractiveness and sustainability of our business model. We were particularly pleased to be able to successfully place the bonds with important institutional investors and establish new capital and funding sources on very attractive terms.

"The market has given us the clear signal that our balanced financing strategy, comprising secured and unsecured financing, is well regarded. The process will help us to continue to execute our strategy of growth, taking advantage of the strong demand for our product."

Sirius shares were down 0.6% at 104.00 pence each in London, and closed at ZAR20.22 each in Johannesburg on Tuesday. Johannesburg markets are closed Wednesday for Youth Day.

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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24 Mar 2022 14:20

IN BRIEF: Sirius Real Estate CEO Coombs buys GBP53,000 in shares

Sirius Real Estate Ltd - operator of business parks, offices and industrial complexes in Germany - Chief Executive Officer Andrew Coombs buys 41,500 shares at GBP1.27, worth GBP52,655, on Tuesday in London. Now has 9.5 million shares, a 0.8% stake.

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22 Mar 2022 12:02

Sirius Real Estate eyes switching UK business to REIT

(Alliance News) - Sirius Real Estate Ltd on Tuesday proposed converting its UK business into a real estate investment trust from the start of next month.

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EXECUTIVE CHANGES: Chapel Down hires CFO; Powerhouse picks new chair

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and Tuesday and not separately reported by Alliance News:

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28 Feb 2022 11:48

Sirius says BizSpace boss John Spencer to step down

(Sharecast News) - Sirius Real Estate said on Monday that BizSpace chief executive John Spencer is stepping down from the business.

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31 Jan 2022 08:38

Sirius Real Estate CFO takes up new role of chief investment officer

Sirius Real Estate CFO takes up new role of chief investment officer

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31 Jan 2022 07:34

Sirius Real Estate makes changes senior management team

(Sharecast News) - Business and industrial parks operator Sirius Real Estate tapped Alistair Marks and Diarmuid Kelly for chief investment and financial officer on Monday as the group switched up its senior management team.

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20 Jan 2022 09:31

IN BRIEF: Sirius Real Estate CEO Coombs buys 37,000 shares

IN BRIEF: Sirius Real Estate CEO Coombs buys 37,000 shares

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13 Jan 2022 14:53

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

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9 Dec 2021 14:44

UK dividends calendar - next 7 days

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6 Dec 2021 09:46

LONDON BROKER RATINGS: Barclays and UBS upgrade Crest Nicholson

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2 Dec 2021 14:51

IN BRIEF: Sirius Real Estate CEO Andrew Coombs buys 100,000 shares

IN BRIEF: Sirius Real Estate CEO Andrew Coombs buys 100,000 shares

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1 Dec 2021 08:02

Sirius Real Estate acquires business park in Germany for EUR35 million

Sirius Real Estate acquires business park in Germany for EUR35 million

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18 Nov 2021 13:58

IN BRIEF: Sirius Real Estate issues EUR300 million bond due 2028

IN BRIEF: Sirius Real Estate issues EUR300 million bond due 2028

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15 Nov 2021 16:12

UPDATE: Sirius Real Estate completes acquisition of BizSpace

UPDATE: Sirius Real Estate completes acquisition of BizSpace

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15 Nov 2021 13:13

IN BRIEF: Sirius Real Estate mulls issue of EUR300 million bond

IN BRIEF: Sirius Real Estate mulls issue of EUR300 million bond

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