Lightstone Enterprise completed an offering of a new series of bonds, secured by the Moxy Times Square hotel in Manhattan, in the amount of approximately NIS 1 billion, which will bear annual interest rate of 5.53%. The tender for classified investors recorded impressive demands of approximately NIS 2.7 billion.
Hagag Group completed the issuance of a new series of Bonds in the amount of NIS 404 million!
This new series of Bonds will carry an annual interest rate of 4.5% with an average duration of 3.9 years.
As part of the issuance, option warrants were also granted for the purchase of Company’s shares at a valuation of NIS 2 billion, which, if exercised, could raise an additional NIS 200 million.
ISPRO Ltd., controlled by businessmen Kidan Dahari and Yaron Adib, on the acquisition of 100% of the shares of the well-established real estate company, Tnuport (1990) Ltd., at a value of 500 million NIS! Following the acquisition, ISPRO has become a company with a consolidated asset base of approximately 3.1 billion NIS! The acquisition was partially financed through the issuance of a series of bonds secured by Tnuport shares, amounting to NIS 165 million.
Carasso Real Estate LTD completed the raising of bonds (series B), in the amount of 400 million NIS, bearing an annual interest rate of 5.74%, with demands in the tender for classified investors exceeding NIS 1 billion.
Copperline America Limited completed an expansion of the company’s Series D bonds in the amount of approximately NIS 147 million. During the institutional tender for the aforementioned bond series expansion, the Company recorded an oversubscription of over 200%. The bonds were issued at a premium, reflecting an effective interest rate of approximately 6.7%.
