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Bonds Payable
 9 Months Ended
Sep. 30, 2020
Notes to Financial Statements  
Bonds Payable
11. Bonds Payable

 

We have issued bonds through our subsidiary, Southern Properties Capital LTD, which are listed and trade on the Tel Aviv Stock Exchange. Payments of principal and interest are denominated in New Israeli Shekels. In connection with the principal and interest payments, we incurred a (loss) gain on foreign currency transactions of ($1,470) and ($5,153) for the three months ended September 30, 2020 and 2019, respectively, and $744 and ($13,296) for the nine months ended September 30, 2020 and 2019, respectively.

 

The following table summarizes the bonds payable as of September 30, 2020 and December 31, 2019:

 

    September 30,     December 31,     Maturity
    2020     2019     Date
Bonds (Series A)   $ 69,747     $ 92,653     7/31/2023
Bonds (Series B)     61,029       60,764     7/31/2025
Bonds (Series C)     79,919       79,572     1/31/2023
Total outstanding bonds   $ 210,695     $ 232,989      
Less: unamortized deferred bond issuance costs     (7,503 )     (9,724 )    
Total outstanding bonds, net   $ 203,192     $ 223,265