Sirius Real Estate is the latest investor to tap the debt capital markets to replace secured bank debt.
The business space landlord/operator’s second issue of €300 mln will be partially used to refinance the existing secured debt within BizSpace which it is acquiring. Sirius’s debut in the DCM was a €400 mln bond issuance in June.
It follows LEG’s latest, €500 mln bond last week and two green bonds: AXA’s €800 mln issuance for its flagship logistics fund and Via Outlets’ €600 mln issuance - the first by an outlet owner-operator in Europe.
This means the number of green bonds logged this year by PropertyEU has topped 30. The Via Outlet issuance was 6x oversubscribed.
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