Gazit-Globe raises $130 mln in public bond offering

April 28 Mon Apr 28, 2014 4:44am EDT

April 28 (Reuters) - Gazit-Globe, Israel's largest real estate investment company, said it raised 450 million shekels ($130 million) in a public bond offering aimed largely at refinancing existing debt.

The inflation-linked bonds have an effective yield to maturity of 3.32 percent and carry a coupon of 4.0 percent. They have a final maturity in 2027 and are rated 'AA-' by S&P Maalot and 'Aa3' by Moody's Investors Service Israeli affiliate Midroog, Gazit-Globe said on Monday.

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.

($1 = 3.4717 Israeli Shekels) (Reporting by Steven Scheer)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article