Israel’s Gazit-Globe buys back NIS 446.37 million of four notes

By Susanna Moon

Chicago, July 5 – Gazit-Globe Ltd. has bought back another NIS 446,365,435 of four series of notes as of June 30.

The repurchase amounts were as follows, according to a 6-K filing with the Securities and Exchange Commission:

• NIS 44,436,548 principal amount of series A debentures, reducing the outstanding principal amount to zero;

• NIS 127,755,180 principal amount of series C debentures, reducing the outstanding principal amount to NIS 370,879,542;

• NIS 274,057,012 principal amount of series E debentures, reducing the outstanding principal amount to NIS 270,291,016; and

• NIS 116,695 principal amount of series I debentures for an outstanding principal amount of NIS 477,478,847.

The company added that the holdings of series J debentures held by its director, Ronnie Bar-On, has dropped to NIS 37,600 from NIS 38,000, after the redemption of the debentures held Bar-On. Bar-On’s series J holdings remains at 0.01%.

As announced, the issuer may repurchase NIS 250 million of five note series under its buyback program that began March 31.

Gazit-Globe is based in Tel Aviv. It owns and operates supermarket-anchored shopping centers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.