This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
TEL-AVIV, Israel, Oct. 28, 2013 (GLOBE NEWSWIRE) -- Gazit-Globe (TASE:GZT) (NYSE:GZT), one of the world's leading multi-national real estate companies focused on acquisition, development and redevelopment of supermarket-anchored shopping centers in major urban markets, announced today that it had completed an offering of a new series of unsecured CPI-adjusted debentures, Series 12, for total gross proceeds of approximately NIS 451 million (approx. US $128 million).
The debentures bear an annual interest rate of 4.0%, CPI-adjusted, payable semi-annually, with a duration of 9.8 years and a final maturity date of June 2027.
The debentures have a domestic credit rating of ilAA- with a stable outlook from S&P Maalot and a domestic credit rating of Aa3 with a stable outlook from Midroog (Moody's domestic subsidiary).
The underwriters syndicate was led by Leader Capital Markets and Clal Finance and included Barak Capital, Excellence Investments, APEX Investment, Discount Capital Markets & Investments, Leumi Partners, Poalim IBI, and Inbar Finance.
The Company will use the net proceeds from the offering to reduce the outstanding balance under its revolving credit facilities and for general corporate purposes.
FORWARD LOOKING STATEMENTSThis release may contain forward-looking statements within the meaning of applicable securities laws. In the United States, these statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of known and unknown risks and uncertainties, many of which are outside our control, that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks detailed in our public filings with the SEC and the Canadian Securities Administrators. Except as required by applicable law, we undertake no obligation to update any forward-looking or other statements herein, whether as a result of new information, future events or otherwise. About Gazit-Globe
Gazit-Globe is one of the largest owners, developers and operators of supermarket-anchored shopping centers in major urban markets around the world. In addition, the Company is active in North America in the healthcare real estate sector. Gazit-Globe is listed on the New York Stock Exchange (NYSE:GZT), the Toronto Stock Exchange (TSX:GZT) and the Tel Aviv Stock Exchange (TASE:GZT) and is included in the TA-25 and Real-Estate 15 indices in Israel. Gazit-Globe owns and operates 592 properties in more than 20 countries, with a gross leasable area of approximately 6.7 million square meters and a total value of more than US$20 billion.
CONTACT: For Additional Information
Investors Contact: IR@gazitgroup.com,
Media Contact: email@example.com
Gazit-Globe Headquarters, Tel-Aviv, Israel,
Tel: +972 3 694 8000 / New York Office, Tel: +1 212 897 9741