Azrieli Group NIS2.19 billion 1.34% bond issue

Overview:

• Israeli real estate developer Azrieli Group issued a NIS2.19 bond. 
• The bond has a coupon of 1.34% and matures in May 2030.  
• Proceeds from the bond - the third investment grade issue by the group - will be used to refinance its debt.  
• Bookrunners on the transaction were Barak Capital, Discount Underwriting & Issuing, Egoz Issuing and Finances, Epsilon Underwriting and Issuing, Excellence Nessuah Underwriting, Leader Issuance, Leumi Partners Underwriters, and Rosario Capital. 

Ben Naylor - Regional editor