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IN RIEF: Sirius Real Estate raises €185 million via bond issuance

ALN

Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Places €185.1 million nominal value of notes through taps of two of its existing corporate bonds. New issues take each bond to a total outstanding nominal amount of €500.0 million. Says the first issuance comprises €150.0 million nominal value of notes to be consolidated and form a single series with its existing €350.0 million 4.000% bonds due January 22, 2032.

Sirius says the second issuance comprises €35.1 million nominal value of notes to be consolidated and form a single series with its existing €464.9 million 1.750% bonds due November 24, 2028. The ‘well-supported’ new notes were priced in line with current trading levels of the respective existing bonds, it says. Plans to use proceeds of the new notes for general corporate purposes and the refinancing of existing debt.

Stock price in Johannesburg: R 21.59

12-month change in Johannesburg: down 4.8%

Stock price in London: 97.45 pence

12-month change in London: up 2.5%

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