trending Market Intelligence /marketintelligence/en/news-insights/trending/gzfa3z5yidcyqn1bchycww2 content esgSubNav
In This List

Transcontinental Realty unit raises 138M shekels on Israeli bond market

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model

Video

How to use ESG Heat Maps in Credit Risk Analysis


Transcontinental Realty unit raises 138M shekels on Israeli bond market

Transcontinental Realty Investors Inc. subsidiary Southern Properties Capital raised an additional 137.7 million shekels in a series B bond offering on the Tel Aviv Stock Exchange.

In July 2017, Dallas-based Transcontinental Realty raised 400 million shekels from a series A bond offering on the Israeli market.

A portion of the series A and series B funds were used to pay off a Medley Capital mezzanine loan, the company said in a release, adding that it had already used funds to buy multifamily assets.

Israel-based financial consultancy firm Radhan led the offering.

As of March 23, US$1 was equivalent to 3.49 shekels.