By Susanna Moon
Chicago, Feb. 11 - Plaza Centers NV said it plans to issue an additional NIS 35 million principal amount of unsecured non-convertible series B notes due 2015 to Israeli investors for about NIS 38 million.
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.
Plaza Centers said on Feb. 3, 2008 that the notes would be linked to 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 issue of additional notes requires the approval of the Tel Aviv Stock Exchange.
Parent company Elbit Imaging Ltd. said on Jan. 26 that Plaza Centers planned to issue NIS 273 million principal amount of its 5.4% notes for about NIS 292 million.
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
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Issue: | Series B notes
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Amount: | NIS 35 million
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Maturity: | 2015
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Coupon: | 5.4%
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Pricing date: | Feb. 11
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