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SIRIUS:  2,151   -8 (-0.37%)  11/06/2026 19:00

SIRIUS REAL ESTATE LIMITED - Sirius issues 185.1 million of new notes in taps of 2 existing corporate bonds which extend each to 500.0 million

Release Date: 11/06/2026 08:00
Code(s): SRE     PDF:  
Wrap Text
Sirius issues €185.1 million of new notes in taps of 2 existing corporate bonds which extend each to €500.0 million

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

11 June 2026

               ("Sirius Real Estate", "Sirius", the "Company" or the "Group")

  Sirius issues €185.1 million of new notes in taps of two existing corporate bonds which
                       extend each to €500.0 million benchmark size

Sirius Real Estate announces that it has successfully placed €185.1 million nominal value of
notes through taps of two of its existing corporate bonds (together, the "Issuances"), taking
each bond to a total outstanding nominal amount of €500.0 million.

The first issuance comprises €150.0 million nominal value of notes to be consolidated and
form a single series with the Company's existing €350.0 million 4.000% bonds due 22 January
2032, originally issued in January 2025 (ISIN: XS2973477990) (the "2032 Notes").

The second issuance comprises €35.1 million nominal value of notes to be consolidated and
form a single series with the Company's existing €464.9 million 1.750% bonds due 24
November 2028, originally issued in November 2021 (ISIN: XS2412732708) (the "2028
Notes").

The new notes were priced in line with current trading levels of the respective existing bonds
and were well supported by the market. Settlement of the Issuances is expected to take place
on 17 June 2026. Following settlement, the total outstanding nominal amount of each of the
2032 Notes and the 2028 Notes will be €500.0 million.

The proceeds of the new notes will be used for general corporate purposes and the
refinancing of existing debt. Reaching €500.0 million benchmark size for each bond is expected
to improve secondary market liquidity across Sirius' public debt platform and further
strengthen the Group's funding flexibility.

HSBC acted as Sole Structuring Bank and Sole Global Coordinator, with Barclays, BNP Paribas
and HSBC acting as Active Bookrunners, ABN AMRO acting as Passive Bookrunner in
connection with the Issuances and Lazard acting as Financial Adviser.
Chris Bowman, Chief Financial Officer of Sirius Real Estate, commented: "These latest bond
taps further demonstrate the continued capital markets support for our strategy and portfolio,
as well as the value and income we are able to generate from our operating platform. Taking
both of our public bonds to €500 million benchmark size is expected to improve secondary
market liquidity, while the proceeds give us further financial flexibility to refinance existing
debt and support further accretive growth. We maintain our disciplined approach to
leverage."

Enquiries:
Sirius Real Estate
Andrew Coombs, CEO / Chris Bowman, CFO
+44 (0) 20 3059 0821
FTI Consulting (Financial PR & IR)
Richard Sunderland / Giles Barrie / Talia Shirion
Tel: +44 (0) 20 3727 1000
SiriusRealEstate@fticonsulting.com

NOTES TO EDITORS

About Sirius Real Estate
Sirius is a property company listed on the equity shares (commercial companies) category
market of the London Stock Exchange and the premium segment of the main board of the JSE
Limited. It is a leading owner and operator of branded business and industrial parks providing
conventional space and flexible workspace in Germany and the U.K. As of 31 March 2026, the
Group's portfolio comprised 145 assets let to 11,736 tenants with a total book value of
approximately €3.0 billion, generating a total annualised rent roll of €258.6 million. Sirius also
holds a 35% stake in Titanium, its €350+ million German-focused joint venture with BNP
Paribas Asset Management Alts.

Disclaimer
Lazard & Co., Limited, which is authorised and regulated in the United Kingdom by the
Financial Conduct Authority, is acting exclusively as financial adviser to Sirius and no one else
in connection with the bond issue and will not be responsible to anyone other than Sirius for
providing the protections afforded to clients of Lazard & Co., Limited nor for providing advice
in relation to the bond issue or any other matters referred to in this announcement. Neither
Lazard & Co., Limited nor any of its affiliates owes or accepts any duty, liability or responsibility
whatsoever (whether direct or indirect, whether in contract, in tort, under statute or
otherwise) to any person who is not a client of Lazard & Co., Limited in connection with this
announcement, any statement contained herein or otherwise.

JSE Sponsor
PSG Capital

Date: 11-06-2026 08:00:00
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