Sirius Real Estate considering issue of senior unsecured bonds

By

Sharecast News | 09 Jun, 2021

12:30 24/12/24

  • 77.90
  • 0.58%0.45
  • Max: 78.05
  • Min: 77.40
  • Volume: 163,609
  • MM 200 : 90.38

Sirius Real Estate said on Wednesday that it is assessing the opportunity to issue senior unsecured bonds, "as part of a broader strategy to move to a funding structure more balanced between secured and unsecured debt".

The company, which operates branded business and industrial parks in Germany, said any proceeds of a bond issue would be used to refinance secured debt and fund potential asset acquisitions.

Chief financial officer Alistair Marks said: "A move towards more unsecured debt funding would have many benefits for Sirius including increasing operational flexibility through the creation of a much larger pool of unencumbered assets as well as enhancing our funding efficiency going forward."

Last news