January 31, 2018 / 8:46 AM / 10 months ago

Israel's Azrieli raises $411 mln from bond offering to institutions

TEL AVIV, Jan 31 (Reuters) - Israeli real estate developer Azrieli Group said on Wednesday it raised 1.4 billion shekels ($411 million) in a bond offering to institutional investors.

Demand for the 6.2-year, inflation-linked bonds - a widening of an existing series - exceeded 2 billion shekels. The average yield set in a tender was 0.94 percent.

The bonds are rated “Aa1” with a stable outlook by Midroog, the Israeli affiliate of Moody’s Investors Service.

Azrieli said it will complete the bond offering in the coming days with a tender to broader public. ($1 = 3.4076 shekels) (Reporting by Tova Cohen; Editing by Steven Scheer)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below