Source - Alliance News

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 €13 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 €350 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: R 18.40, up 0.5%

12-month change: down 14%

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