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

Transcontinental Realty unit raises 138M shekels on Israeli bond market

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook


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.