By Marisa Wong
Morgantown, W.Va., Nov. 30 – Inversiones y Representaciones SA (IRSA) said IDB Development Corp. Ltd. issued NIS 383.5 million of 6.95% notes due 2019, series 12, in the Israeli market.
Funds will be used to cancel existing liabilities, according to a 6-K filing with the Securities and Exchange Commission.
IRSA has a controlling interest in IDB Development, a Tel Aviv-based investment holding company. IRSA is a real estate company based in Buenos Aires.
| Issuer: | IDB Development Corp. Ltd.
|
| Issue: | Notes, series 12
|
| Amount: | NIS 383.5 million
|
| Maturity: | 2019
|
| Coupon: | 6.95%
|
| Announcement date: | Nov. 30
|
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