By Susanna Moon
Chicago, Jan. 12 - Plaza Centers NV said it agreed to issue an additional NIS 88 million principal amount of unsecured non-convertible series A notes for NIS 99 million and NIS 179 million principal amount of unsecured non-convertible series B notes due 2015 for NIS 201 million by way of private placement.
Plaza said on Feb. 11, 2010 that it planned to issue an additional NIS 35 million of series B notes 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, 2010 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
|
| Pricing date: | Jan. 12
|
|
|
| Issue: | Series A notes
|
| Amount: | NIS 88 million
|
|
|
| Issue: | Series B notes
|
| Amount: | NIS 179 million
|
| Maturity: | 2015
|
| Coupon: | 5.4%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
