By Angela McDaniels
Tacoma, Wash., Jan. 26 - Plaza Centers NV will issue NIS 273 million principal amount of its 5.4% unsecured non-convertible series B notes due July 2015 for approximately NIS 292 million, according to a news release from parent company Elbit Imaging Ltd.
The notes have the same terms as the NIS 713.54 million of series B notes issued in a public offering on Feb. 13, 2008. The additional notes are being issued privately to Israeli investors.
The principal and interest of the notes are linked to increases in the Israeli consumer price index.
The principal amount of the notes is repayable in five equal annual installments on July 1 of each year between 2011 and 2015.
The issuance of the additional notes is subject to the receipt of approval to list them on the Tel Aviv Stock Exchange.
Plaza Centers is an emerging markets property developer based in Amsterdam.
Elbit is based in Tel Aviv, Israel, and has four main business segments: shopping and entertainment centers, hotels, image-guided treatment and residential projects.
| Issuer: | Plaza Centers NV
|
| Issue: | Series B notes
|
| Amount: | NIS 273 million
|
| Maturity: | July 1, 2015
|
| Coupon: | 5.4%
|
| Price: | 107
|
| Pricing date: | Jan. 26
|
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