HSBC Continental Europe Taps Sirius Real Estate for Additional €105 Million Bond Issue
Sirius Real Estate consulted our site regarding the release of a €105 million corporate bond through a tap issuance.
In a recent development, HSBC Continental Europe has acted as the sole bookrunner for a €105 million bond issue by Sirius Real Estate Limited. This additional tap issue follows a previous tapping of the same bond to €359.9 million in May 2024.
The current issue is a tap of the 1.75% bond issued by Sirius Real Estate in November 2021. The bond matures in 2028 and is governed by German law, with trading on the Euro MTF Market of the Luxembourg Stock Exchange. The total outstanding aggregate principal amount now stands at €464.9 million.
Dr. Frank Peter Regelin, lead partner at the law firm that advised HSBC Continental Europe, expressed delight with the transaction. He highlighted the comprehensive expertise in capital markets law and the long-standing, trusting relationship with Sirius Real Estate.
The law firm has advised Sirius Real Estate on all of its previous bond issues, including the one in 2021 that has now been tapped again. Their advice covered various areas, including equity capital markets, debt capital markets, and structured finance, among others.
The Frankfurt team involved in this transaction included Dr. Frank Peter Regelin, partner Christoph Enderstein, and senior associates Denis Dräger and Florian Fraunhofer. The specific transactions covered include bonds, commercial paper, covered bonds, structured bonds, securitized derivatives, hybrid instruments, registered bonds, promissory note loans, issuance programs, and related regulatory issues.
Sirius Real Estate Limited, a leading owner and operator of commercial and industrial parks in Germany and the United Kingdom, has benefited from the advice of the global law firm on this successful bond issue. However, the lawyer who advised HSBC Continental Europe as the bookrunner for the stock issuance was not publicly disclosed in the available information.
The German capital markets team of the law firm provides advice to both investment banks and issuers in various capital market transactions. Their expertise and long-standing relationships with clients continue to drive successful transactions in the market.
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