Sirius Real Estate secured €105 million from new notes. These will join its existing €359.9 million in 1.75% bonds. The bonds mature in November 2028. The company announced this news on Monday.
This is the second time Sirius has added to its original €300 million notes. Those notes were first sold in November 2021. Previously, they raised €59.9 million in May 2024.
The price of the new notes matched current market prices. This reflects the trading of the existing 2021 notes.
Investor interest has been strong lately. This follows Sirius’s €350 million 7-year bond sale in January 2025.
The money from these new notes will fund property deals. Sirius plans to buy properties in Germany and the UK. Some funds will also go to general company use.
Chris Bowman, the company’s CFO, commented on the move. He stated the bond sale shows trust in their plans. He also said the €105 million helps them grow. They will keep debt levels steady. Their net loan-to-value ratio will stay below 40%. This is within their set limits.