Corporate | 6 September 2011 08:44
Gazit-Globe
06.09.2011 08:44
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TEL AVIV, Israel, 2011-09-06 08:43 CEST (GLOBE NEWSWIRE) --
Gazit-Globe (TASE:GLOB), one of the world's leading multinational real estate
companies engaged in the acquisition, development and management of
supermarket-anchored shopping centers, announced today that it has completed an
offering of a new series of unsecured CPI adjusted debentures, series 11, for a
total gross proceeded of approximately NIS 450 million (approx. US $125
million).
The debentures bear an annual interest rate of 5.35%, CPI adjusted, with a
duration of approximately 8.5 years and a final maturity date of September
2024.
The debentures have a domestic credit rating of Aa3 with a stable outlook by
Midroog (Moody's domestic subsidiary) and a domestic credit rating of ilA+ with
a positive outlook by S&P Maalot.
The underwriters syndicate was led by Clal Finance and included Leader Capital
Markets, APEX Investment, Poalim IBI, Leumi Partners, Discount Capital Markets
& Investments, Excellence Investments, Meitav Investment House and Barak
Capital.
The Company will use the net proceeds from the offering to reduce the
outstanding balance under its revolving credit facilities and for general
corporate purposes.
About Gazit-Globe
Gazit-Globe is one of the world's leading multinational real estate companies
engaged in the acquisition, development and management of income-producing
properties. The company focuses on necessity-driven real estate, primarily
supermarket-anchored shopping centers in urban growth markets with high
barriers to entry and attractive demographics. In addition, the company is
active in the healthcare real estate sector, owning and operating medical
office buildings and senior housing communities in North America. Gazit-Globe
is listed on the Tel Aviv Stock Exchange (TASE:GLOB) and is included in the
TA-25 and the Real-Estate 15 indices. The Group operates in more than 20
countries, owns and manages over 660 properties with a gross leasable area of
approximately 7.0 million square meters and has a consolidated total asset
value of approximately US$19 billion and a gross annualized income of
approximately US$1.75 billion. www.gazit-globe.com
For more Information
Roni Soffer, President, roni@gazitgroup.com
Gadi Cunia, Senior Executive VP & Chief Financial Officer, gcunia@gazitgroup.com
Avishag Kichel, International Investor Relations, akichel@gazitgroup.com
CONTACT: Gazit-Globe Ltd.
1 HaShalom Rd.
Tel Aviv, Israel 67892
+972 3 694 8000
For additional information:
Gadi Cunia
Senior Executive VP and CFO
News Source: NASDAQ OMX
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Language: English
Company: Gazit-Globe
Panama
Phone:
Fax:
E-mail:
Internet:
ISIN: PAL0605071A3
WKN:
End of Announcement DGAP News-Service
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