Norton Rose Fulbright advises Sirius Real Estate on a corporate bond issuance of €105 million by way of a tap

Global law firm Norton Rose Fulbrighthas advised Sirius Real Estate Limited on the successful issue of unsecured bonds with a volume of €105 million.

Sirius Real Estate Limited is a leading owner and operator of commercial and industrial parks offering conventional and flexible workspaces in Germany and the United Kingdom. Norton Rose Fulbright has advised Sirius Real Estate on all of its previous bond issues, including the issue of the bond in 2021 that has yet been tapped again.

The current issue was made by way of a tap issuance of the 1.75% bond issued in November 2021, which had already been tapped to €359.9 million in May 2024. The total outstanding aggregate principal amount is €464.9 million. The bond matures in 2028 and is governed by German law. The bond is admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange.

Lead partner Dr. Frank Peter Regelin (Corporate/Capital Markets, Frankfurt) commented: "We are delighted to have advised Sirius Real Estate on yet another successful bond issuance. The transaction underpins our comprehensive expertise in capital markets law and our long-standing, trusting relationship with Sirius Real Estate."

The Frankfurt team also included partner Christoph Enderstein (Banking/Capital Markets) and senior associates Denis Dräger (Corporate/Capital Markets) and Florian Fraunhofer (Banking/Capital Markets).

Norton Rose Fulbright's German capital markets team advises both investment banks and issuers in connection with national and international capital market transactions in the areas of equity capital markets, debt capital markets and structured finance, in particular bonds, commercial paper, covered bonds, structured bonds, securitised derivatives, hybrid instruments, registered bonds, promissory note loans and issuance programmes, as well as related regulatory issues.

HSBC Continental Europe acted as sole bookrunner for the transaction.