September 2017, Chosen Properties has completed raising of $100MM in bonds
on the Tel-Aviv Stock exchange
Securities | Chosen Bond Series |
Amount of issuanc | ILS342MM ($100MM) |
Total Demand at the Tender Offerin | ILS389MM ($114MM) |
Yield | 6.75% |
Coupon Payments | Twice a year as of March 2018 until March 2023 |
Principal Payments | 3 equal payments 2021-2023 |
Duration | 4.0 Years |
Rating | BBB+ |
Security | First mortgages on 22 assets |
Covenants | Light & uninterrupting |
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