22nd Jul 2014 10:50
TEXT AMENDMENT
The following amendment has been made to the 'New bonds series issuance by subsidiary' announcement released on 22 July 2014 at 0700 under the RNS no. 9260M. "Midroog" has changed to "Standard & Poor's Maalot" and "Moody's Investors Service Inc." has changed to "MacGraw-Hill Financial Inc". All other details remain unchanged. The full amended text is shown below.
BCRE-Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
New bonds series issuance by subsidiary
The Company (LSE: BCRE) announces that Brack Capital Properties N.V. ("BCP"), a subsidiary of the Company, whose shares are traded on the Tel Aviv Stock Exchange ("TASE"), has listed today on TASE a new bond series (series "C") with the following principle terms:
Amount | NIS 102,165,000 |
Market | Israel (TASE) |
Amortisation | 2015 - 2023: 2% of the principal each year 2024: 17% of the principal for that year 2025 - 2026: 32.5% of the principal each year |
Annual coupon interest rate (semi-annual payments of 1.65%) | 3.3% |
Indexation | Israeli CPI |
Issue price per unit | NIS 1000 |
Credit rating | ilA+ by Standard & Poor's Maalot, a credit rating agency accredited by Israel and a subsidiary of MacGraw-Hill Financial Inc. |
ENQUIRIES:
BCRE-Brack Capital Real Estate Investments N.V. | |
Ariel Podrojski, Chief Executive Officer | |
Nansia Koutsou, Chief Financial Officer | +31 20 514 1004 |
Novella Communications | |
Tim Robertson | |
Ben Heath | +44 203 151 7008 |
About BCRE
BCRE is an international real estate development and investment group, headquartered in The Netherlands and whose shares are listed for trading on the London Stock Exchange. Through its subsidiary and associated undertakings, the Company is interested in, develops and operates an international portfolio of real estate assets, predominantly located in the USA, Germany, Russia, India and the UK.
The Company has established local management team platforms with significant local market expertise in the US, Germany, Russia, India and the UK with exclusive access to over 400 staff. At present, the Company has offices and teams in New York, London, Frankfurt, Düsseldorf, Moscow, Kazan, New Delhi, Amsterdam, Limassol and Budapest.
Related Shares:
BCRE.L