30th Jan 2025 10:48
Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Secures a new debt package at its Saarbrucken business park in south-west Germany. This follows its agreement on a EUR13 million, five-year loan at around 3.3% with Sparkasse Saarbrucken bank. The loan refinances its Saarbrucken business park, it says. The refinance deal comes after the company early this month raised EUR350 million through senior unsecured corporate bonds, maturing in 2032 and carrying a 4% coupon.
Sirius says MSCI reaffirms its 'AA' rating for sustainable financing.
Current stock price in London: 79.55 pence, up 2.7% on Thursday
12-month change: down 11%
Current stock price in Johannesburg: ZAR18.40, up 0.5%
12-month change: down 14%
By Artwell Dlamini, Alliance News reporter
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