Read more Bcllachlist Yair Philip gives Gas: trying to purchase Azrieli Gazit Globe Sonol Azrieli G

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Read more Bcllachlist Yair Philip gives Gas: trying to purchase Azrieli Gazit Globe Sonol Azrieli Group sold 51% G Mall in Afula NIS 172 million Yuval Bronstein, Azrieli Group: "Good management is the ability to understand that you can learn"
This is the first time Israel's largest malls company managed by Yuval Bronstein will issue public bonds. So far refrained from Azrieli, valued at $ 15.8 billion in Tel Aviv, from raising public bonds, since it received favorable financing conditions from the financial institutions in view of the low level of leverage her. Azrieli considered chemical bank one of the cost real estate groups in Israel low leverage level of debt to total assets ratio (LTV) of 38% and a cash balance of 144 million (expanded solo).
Public bond issue is part of a plan to raise debt including a volume of 1.3 billion Azrieli's planned replacement of debt. The rest of the debt would be raised probably through private loans, as in the past. The goal is to raise funds linked to interest rates of 0.7% -0.9%, chemical bank compared with an average interest rate 3.1% linked Azrieli Group currently pays its debt.
Azrieli ran past Contacts chemical bank raising public bonds in Tel Aviv, which have ultimately raising private institutional debt. So did in August 2013, when she began to make contacts to raise public bonds with several underwriters and finally decided to raise 960 million through private bonds and private loans Harel insurance company and Altshuler Shaham (710 million and 250 million respectively).
Economists chemical bank degrees ranking report noted that "The rating actions reflect our assessment that the expected improvement in financial profile with a reduction in near-term financing costs and realization of management's strategy to sell the Granite chemical bank activities in the medium term. We believe that the likelihood of a sale of holdings Granite is high, based on management's declarations and the steps taken in 2014, including the exercise of Tambor and the signing of contracts for the sale of Supergaz solar activity and the desalination plant. "
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