Commercial
Real Estate News

Israel's Gazit-Globe Raises $107 Million in Bond Offering


Israel's largest real estate investment company has raised 375 million shekels ($107 million) in a public offering of bonds, according to a company announcement.

Gazit-Globe offered unsecured debentures with an annual interest rate of 5.35 percent, adjusted for the consumer price index, with a final maturity date of September 2024, the company said in an announcement. 

The bonds have a domestic credit rating of "AA-" with a stable outlook from S&P Maalot and a rating of "Aa3" and stable outlook from Moody's Israel subsidiary, the company said. 

The company will use the proceeds from the IPO to refinance existing debt and for general corporate purposes.  

Gazit-Globe is one of the largest owners, developers and operators of supermarket-anchored shopping centers in major markets worldwide. It operates through Equity One in the U.S. and through First Capital Reality Inc. in Canada, Reuters reports. It is active in North America's healthcare real estate sector. 

Sponsored by

Comment with Facebook


Copyright 2010 - 2017 WORLD PROPERTY JOURNAL, INC. All Rights Reserved.
Advertisement
News Search
Go


Luxury Property Spotlight

Reader Poll

Advertisement
×
WORLD PROPERTY JOURNAL
 
Free News Alerts
 

Sign up now to receive the latest local & global real estate news in your inbox.

GO