By Jennifer Chiou
New York, July 22 – Brack Capital Real Estate Investments NV subsidiary Brack Capital Properties NV priced NIS 102,165,000 of new series C bonds that are listed on the Tel Aviv Stock Exchange.
The bonds bear interest at 3.3% per year.
The amortization schedule is as follows:
• 2015 through 2023: 2% of the principal each year;
• 2024: 17% of the principal for that year; and
• 2025 and 2026: 32.5% of the principal each year.
Based in the Netherlands, Brack is an international real estate development and investment group.
| Issuer: | Brack Capital Properties NV
|
| Issue: | Series C bonds
|
| Amount: | NIS 102,165,000
|
| Maturity: | 2026
|
| Coupon: | 3.3%
|
| Price: | Par of NIS 1,000
|
| Ratings: | Standard & Poor's Maalot: ilA+
|
| Announcement date: | July 22
|
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