April 28 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)