Sirius Real Estate considering issue of senior unsecured bonds

(Sharecast News) - Sirius Real Estate said on Wednesday that it is assessing the opportunity to issue senior unsecured bonds, "as part of a broader strategy to move to a funding structure more balanced between secured and unsecured debt".
The company, which operates branded business and industrial parks in Germany, said any proceeds of a bond issue would be used to refinance secured debt and fund potential asset acquisitions.

Chief financial officer Alistair Marks said: "A move towards more unsecured debt funding would have many benefits for Sirius including increasing operational flexibility through the creation of a much larger pool of unencumbered assets as well as enhancing our funding efficiency going forward."