Sirius Real Estate

Shares in Sirius Real Estate Limited (LSE:SRE) climbed 2% after the company announced robust investor support for its €350 million bond issuance. Chief financial officer Chris Bowman described the oversubscribed bond, issued at a 4% coupon and maturing in 2032, as a strong endorsement of the group's growth strategy and income-generating potential.» Mehr auf proactiveinvestors.co.uk

Sirius Real Estate Limited's (LSE:SRE, JSE:SRE, OTC:SRRLF) chief financial officer, Chris Bowman, hailed the strong investor backing for the company's €350m bond issuance, describing it as a clear vote of confidence in the property group's growth strategy and its ability to deliver robust income returns. He highlighted that the funding, secured at a 4% coupon and maturing in 2032, provides essential long-term liquidity while keeping the group's net loan-to-value ratio comfortably within its 40% guidance.» Mehr auf proactiveinvestors.co.uk

Sirius Real Estate Limited (LSE:SRE, JSE:SRE, OTC:SRRLF)'s €13 million acquisition of a development site in the Bavarian capital of Munich comes with plenty of growth potential, according to brokers' reactions to the news. The deal, announced on Tuesday, currently generates a rent roll of approximately €740,000 per year, but Sirius plans to reposition the tenant base to increase income in the short term while exploring longer-term development options.» Mehr auf proactiveinvestors.co.uk