Israel’s Optibase nixes plans for issue of fixed-rate bonds due 2021

By Angela McDaniels

Tacoma, Wash., July 16 – Optibase Ltd. decided against issuing new bonds at this time, according to a 6-K filing with the Securities and Exchange Commission.

As previously reported, the company planned to offer fixed-rated series A bonds due 2021 to the public in Israel.

The offering will lapse on Saturday. The company said that due to the prevailing market conditions, it will not execute the offering by that time.

The company may renew a bond offering to the public in Israel in the future, subject to market conditions and the company’s financial and business conditions.

Based in Herzliya, Israel, Optibase invests in real estate. The company previously operated in the field of digital video technologies.

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