HSBC confirms no stabilisation for Sirius Real Estate bond tap

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Summary · why it matters

HSBC Continental Europe announced that no stabilisation was undertaken for the tap of Sirius Real Estate Ltd. bonds. The offering comprised a tap of EUR 35,100,000 of 1.75% notes due November 2028 and a tap of EUR 150,000,000 of 4% notes due January 2032. The offer prices were 95.905% and 97.849% respectively. HSBC Continental Europe, Barclays, and BNP Paribas were named as stabilising managers.

Impact on assets 2

Real Estate▼ · 1 stocks
Sirius Real Estate Limited
SRE
▼ NegativeCapitalrelevance

Sirius Real Estate issued bond taps at prices below par (95.905% and 97.849%), indicating higher borrowing cost or weak demand.

Financials▲ · 1 stocks
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