By Wendy Van Sickle
Columbus, Ohio, May 8 – Westdale America issued $140 million of 4.8% six-year bonds on the Tel Aviv Stock Exchange, according to a news release from Walk & Dunlop, Inc., which facilitated the issue.
Giryes Consulting & Research and Barak Capital underwrote and marketed the bonds.
“By accessing foreign capital markets through the issuance of debt, the transaction facilitates Westdale's long-term hold investment strategy and provides for future growth opportunities,” the release states.
The real estate company is based in Dallas.
| Issuer: | Westdale America
|
| Issue: | Bonds
|
| Amount: | $140 million
|
| Tenor: | Six years
|
| Underwriters: | Giryes Consulting & Research and Barak Capital
|
| Coupon: | 4.8%
|
| Announcement date: | May 8
|
| Distribution: | Tel Aviv
|
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