Israel's Gazit-Globe raises 1 bln shekels in bond offering
JERUSALEM Dec 14 (Reuters) - Gazit-Globe, Israel's largest real estate investment company, said it raised 1 billion shekels ($264 million) in a public bond offering largely aimed at reducing its revolving credit.
Gazit-Globe said on Friday the 7.8 year inflation-linked bonds, a widening of one of its existing series, would pay annual interest of 5.35 percent.
The bonds are rated Aa3 with a stable outlook by Midroog, the Israeli affiliate of Moody's Investors Service, and A+ by S&P Maalot, the local unit of Standard & Poor's.
Gazit-Globe operates in the United States through Equity One and in Canada through First Capital Reality Inc . It is also the largest shareholder in Finland's Citycon and together with Citigroup controls shopping mall developer Atrium European Real Estate.
- Obama unveils U.S. immigration reform, setting up fight with Republicans |
- Lawyers descend on Ferguson ahead of grand jury decision
- More arrests as protesters await Ferguson grand jury decision
- U.S., Iran in last-ditch bid to clinch historic nuclear deal
- 'Immoral, but not illegal': metal warehousing games in the spotlight
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video