Namco Realty Ltd. owned by the US businessman Igal Namdar, has successfully raised approx. NIS 410 million bearing an annual interest rate of 6.35%, as part of the issuance of a new series of bonds secured by mortgages overs two office and commercial buildings on the Fifth Avenue in Manhattan, New York.
An investment deal was signed between the Best Group and the Phoenix Company. According to the agreement, the Best Group, Phoenix Company, and other investors will establish a Canadian partnership to operate in the field of long-term, multiple-unit rental housing in Ontario, Canada. The partnership will be managed by the Best Group. As part of the transaction, Phoenix Company, along with other investors, will invest approximately 160 million Canadian dollars (about 450 million NIS). Our firm represented the Best Group in this transaction.
Fattal Properties (Europe) Ltd. has completed the issuance of Series E bonds, rated “A2.il,” in the amount of approximately NIS 197 million.
Pacific Oak SOR (BVI) Holdings Ltd. has successfully raised approx. NIS 340 million bearing an annual interest rate of 9%, as part of the issuance of a new series of bonds secured by mortgages over several lands in Las Vegas and Dallas, US.
Lightstone Enterprises Limited, owned by the US businessman David Lichtenstein, has successfully raised approx. NIS 382 million as part of the expansion of Series C of the Company’s bonds.
Our firm accompanied Tikun Olam Cannbit Pharmaceuticals Ltd. in the issuance of rights to stocks.
Our firm accompanied Gabay Properties and Development Ltd. in a Public Offering of Bonds (new series), secured by liens on real estate assets, in a total amount of approx. NIS 177 million.
Our firm accompanied Carasso Motors Ltd. in an expansion of both Series A and C Bonds for a total amount of approx. NIS 520 million.
Our firm accompanied Akro Group Ltd. in a private offering of Bonds by way of expanding Series A for a total amount of approx. NIS 200 Million
Our firm accompanied Akro Group Ltd. in a public offering a new series of Bonds for a total amount of approx. NIS 500 million.
