Gazit-Globe raises 400 mln shekels in bond issue

Sun Feb 22, 2009 9:35am GMT
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TEL AVIV, Feb 22 (Reuters) - Israeli real estate investment firm Gazit-Globe (GLOB.TA: Quote, Profile, Research) said on Sunday it raised about 400 million shekels ($96 million) in a public bond offering.

The bonds mature in 7.6 years and yield 7 percent, the company said in a statement.

Gazit-Globe raised another 200 million shekels in an offering of options to be exercised to buy bonds.

Gazit-Globe is the largest shareholder in Finland's Citycon (CTY1S.HE: Quote, Profile, Research).

It operates in the United States through Equity One Inc (EQY.N: Quote, Profile, Research), of which it owns 40 percent, and in Canada through First Capital Reality Inc (FCR.TO: Quote, Profile, Research), in which it owns 54 percent. ($1 = 4.15 shekels) (Reporting by Tova Cohen; Editing by Jon Loades-Carter)

 
 
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