Israel’s Elbit Imaging buys back NIS 405,129 more series I notes

By Susanna Moon

Chicago, Dec. 13 – Elbit Imaging Ltd. said it bought back another NIS 405,129 par value of its series I notes.

Under the current buyback plan, Elbit has repurchased NIS 4,030,215 of the series I notes at a weighted average price of 130.61 for a total purchase price of NIS 5,264,050, according to a press release.

Since the issuance of the notes in February 2014, the company has published three buyback plans for the repurchase of up to NIS 200 million of notes.

As of Dec. 6, the company has purchased NIS 100.57 million notes for a total cash amount of NIS 124.48 million, the release noted.

Elbit Imaging is a company based in Tel Aviv with interests in commercial centers and other mixed-use real estate projects, predominantly in the retail sector, located in Central and Eastern Europe, hotels, medical industries and devices and residential projects, primarily in India.

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