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SIRIUS REAL ESTATE LIMITED - Sirius successfully issues further 50 million corporate bonds by increasing volume of its 350 million 1.125% notes

Release Date: 17/06/2021 08:10
Code(s): SRE     PDF:  
Wrap Text
Sirius successfully issues further €50 million corporate bonds by increasing volume of its €350 million 1.125% notes

SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: ISIN GG00B1W3VF54


17 June 2021

                                       Sirius Real Estate Limited

                                      ("Sirius" or the "Company")

   Sirius successfully issues further €50 million corporate bonds by increasing volume of its €350
                                    million 1.125% notes due 2026


NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR IN ANY OTHER
JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL


Further to its announcement of 16 June 2021, Sirius Real Estate, the leading operator of branded
business and industrial parks providing conventional space and flexible workspace in Germany,
announces that it has priced an additional EUR 50 million of corporate bonds to be consolidated and
form a single series with the EUR 350 million 1.125% bonds due 2026 issued on 16 June 2021.

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 aggregate EUR 400 million raised this week, as previously specified, will be used in part to refinance
certain existing secured debt facilities, with the remainder to be deployed towards the significant
pipeline of potential acquisitions, as well as general corporate purposes.




                                                  ENDS

For further information:
Sirius Real Estate
Andrew Coombs, CEO / Alistair Marks, CFO
+49 (0) 30 285010110

FTI Consulting (Financial PR)
Richard Sunderland / Claire Turvey / James McEwan / Talia Jessener
+44 (0) 20 3727 1000
SiriusRealEstate@fticonsulting.com
NOTES TO EDITORS
About Sirius Real Estate
Sirius is a property company listed on the main market and premium segment of the London Stock
Exchange and the main board of the JSE Limited. It is a leading operator of branded business parks
providing conventional space and flexible workspace in Germany. The Company’s purpose is to create
and manage optimal workspaces that empower small and medium-sized businesses to grow, evolve
and thrive. Sirius seeks to unlock the potential of its people, its properties, and the communities in
which it operates, so that together we can create sustainable impact, and long-term financial and social
value.

The Company's core strategy is the acquisition of business parks at attractive yields, the integration of
these business parks into its network of sites under the Company's own name as well as offering a
range of branded products within those sites, and the reconfiguration and upgrade of existing and
vacant space to appeal to the local market, through intensive asset management and investment. The
Company's strategy aims to deliver attractive returns for shareholders by increasing rental income and
improving cost recoveries and capital values, as well as by enhancing those returns through financing
its assets on favourable terms. Once sites are mature and net income and values have been optimised,
the Company may take the opportunity to refinance the sites to release capital for investment in new
sites or consider the disposal of sites in order to recycle equity into assets which present greater
opportunity for the asset management skills of the Company's team.

Sirius also has a venture with clients represented by AXA IM Alts. Titanium was formed through the
acquisition by AXA IM Alts, on behalf of its clients, from Sirius, of a 65% stake in five business parks
across Germany. Sirius retained the remaining 35%. The venture seeks to grow primarily through the
acquisition of larger stabilised business park assets and portfolios of assets with strong tenant profiles
and occupancy. As well as its equity interest, Sirius acts as operator of the assets in the venture, on a
fee basis. Sirius will continue to grow its wholly owned portfolio through acquisitions of more
opportunistic assets, where it can capitalise on its asset management expertise to maximise utilisation
of the space, grow occupancy and improve quality of the tenants. The strategies have been clearly
defined so that the venture does not conflict with Sirius's existing business.

For more information, please visit: www.sirius-real-estate.com]
Follow us on LinkedIn at https://www.linkedin.com/company/siriusrealestate/
Follow us on Twitter at @SiriusRE

JSE Sponsor
PSG Capital



Disclaimer

This publication does not constitute an offer to sell or the solicitation of an offer to purchase any securities.
Neither this publication nor anything contained herein shall form the basis of, or be relied upon in connection with,
any offer or commitment whatsoever in any jurisdiction.

This publication does not constitute an offer to sell or a solicitation of an offer to purchase any securities in the
United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities
Act of 1933, as amended (the “Securities Act”), or the laws of any state within the U.S., and may not be offered or
sold in the United States absent registration or an applicable exemption from registration or in a transaction not
subject to the registration requirements of the Securities Act. There will be no offering of the bonds in the United
States. The bonds are being offered and sold outside the United States only in reliance on Regulation S under the
Securities Act of 1933, as amended (the “Securities Act”).
This publication is only being distributed to, and is only directed at persons that are, outside the United Kingdom
or, if within the United Kingdom, to (i) persons who have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005 (as amended, the “Financial Promotion Order”), or (ii) persons falling within Article 49(2)(a) to (d)
(“high net worth companies, “unincorporated associations”, etc.) of the Financial Promotion Order, or (iii) persons
to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the
Financial Services and Markets Act 2000 (“FSMA”)) in connection with the issue or sale of the bonds may
otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to
as “relevant persons”). The bonds are only available to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such bonds will be engaged in only with, relevant persons. Any person who is not
a relevant person should not act or rely on this announcement or any of its contents. The bonds are not being
offered to the public in the United Kingdom. As a consequence, no key information document required by
Regulation (EU) 1286/2014 as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”)
for offering or selling the bonds or otherwise making them available to retail investors in the UK has been
prepared and therefore offering or selling the bonds or otherwise making them available to any retail investor in
the UK may be unlawful under the UK PRIIPs Regulation.


The securities referred to herein are not intended to be offered, sold or otherwise made available to and should
not be offered, sold or otherwise made available to any retail investor in the European Economic Area (the
“EEA”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined
in point (11) of Article 4(1) of Directive (EU) 2014/65 (as amended, “MiFID II”); (ii) a customer within the meaning
of Directive (EU) 2016/97 as amended, where that customer would not qualify as a professional client as defined
in point (10) of Article 4(1) of MiFID II or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129 of
the European Parliament and of the Council of June 14, 2017 (as amended, the “Prospectus Regulation”).
Consequently, no key information document required by Regulation (EU) 1286/2014 (as amended or superseded,
the “PRIIPs Regulation”) for offering or selling the bonds or otherwise making them available to retail investors in
the EEA has been prepared and therefore offering or selling the bonds or otherwise making them available to any
retail investor in the EEA may be unlawful under the PRIIPs Regulation.

Date: 17-06-2021 08:10:00
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