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Stockreport

Gazit Globe Completes a NIS 554 million (US$ 150 million) Offering of Unsecured Debentures

GAZIT-GLOBE (GZT)  More Company Research Source: GlobeNewswire
Last gazit-globe earnings: 11/20 04:56 am Check Earnings Report
US:NYSE Investor Relations: gazitglobe.com/investor-relations
PDF TEL-AVIV, Israel, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Gazit Globe (NYSE; TASE: GZT), a leading global real estate company focused on the ownership, management and development of retail and mixed use properties in major urban markets, announced today it has completed a public offering of its existing Series M debentures in Israel. The total gross proceeds from the offering were approximately NIS 554 million (approximately US$ 150 million).    Based on the results of the Offering, the Company received bids for an aggregate amount of more than NIS 1.25 billion (approximately US$ 340 million) principal amount of Series M Debentures, of which the Company will issue and sell, a total gross proceeds of approximately NIS 554 million (approximately US $150 million). The debentures were offered at a price of NIS 1,025 for NIS 1,000 par value, representing an annual yield to maturity of 2.79% (Israeli-CPI adjusted). The debentures bear a coupon rate of 2.78% per annum, Israeli-CPI adjusted, to [Read more]

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