Gazit-Globe Ltd. on Feb. 15 closed its public offering of series M debentures in Israel for gross proceeds of roughly 860 million new Israeli shekels.
The global retail and mixed-use real estate company plans to use the proceeds to refinance existing debt and for general corporate purposes.
Leader Capital Markets and Discount Capital Markets led the syndicate of underwriters, which included Barak Capital Underwriting, Value Base, Excellence Underwriting, Poalim IBI, Inbar Underwriting, Apex Issuances, Rosario and Epsilon.
As of Feb. 20, 2018, US$1 was equivalent to 3.4971 new Israeli shekels.
