15th Nov 2021 13:13
Sirius Real Estate Ltd - operator of business parks, offices and industrial complexes in Germany - Has mandated Deutsche Bank, HSBC and Morgan Stanley as bookrunners to set up investor calls, which could lead to the issue of the EUR300 million fixed rate, senior unsecured seven-year bond mandate.
Proceeds from the potential bond issue will go towards partly fund the acquisition of BizSpace, refinance existing debt and general corporate purposes.
On Monday last week, Sirius announced the proposed acquisition of Helix Investments - which holds flexible workspace provider BizSpace Group - for GBP245 million, based on an enterprise value of GBP380 million.
Current stock price: 143.49 pence in London; ZAR29.17 in Johannesburg
Year-to-date change: up 54% in London, up 51% in Johannesburg
By Dayo Laniyan; [email protected]
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