(Alliance News) - Sirius Real Estate Ltd on Thursday bolstered its bond issuance with the addition of EUR50 million to its previously announced EUR350 million notes.
On Wednesday, the London-based operator of German business parks had issued EUR350 million 1.125% senior bond notes due 2026.
This extra issuance will increase the amount raised this week to EUR400 million, which will be used to refinance existing secured debt facilities and for potential acquisitions.
"The increased volume of notes, at an annual interest rate of 1.125%, follows the strong demand for the initial corporate bond issuance, which was heavily oversubscribed," the company said.
Sirius shares were up 0.2% at ZAR20.25 each in Johannesburg on Thursday morning. They were down 0.2% in London at 103.80p.
By Greg Roxburgh; gregroxburgh@alliancenews.com
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Sirius Real Estate (SRE)