London-listed German workspace and industrial investor Sirius Real Estate has issued its first corporate bonds, raising €350m (£301m).
The senior bond is expected to be rated BBB by Fitch, with a 1.25% coupon interest. The bond offering has a five-year term maturity.
The firm will use part of the proceeds to refinance existing secured debt facilities, with the remainder deployed towards its pipeline of potential acquisitions and general corporate purposes.
The bonds are governed by German law and will be listed on the Euro MTF Market of the Luxembourg Stock Exchange.
Alistair Marks, chief financial officer at Sirius, said: “The market has given us the clear signal that our balanced financing strategy, comprising secured and unsecured financing, is well regarded.
“The process will help us to continue to execute our strategy of growth, taking advantage of the strong demand for our product.”
See also: Sirius prepares for corporate debt deals
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