Business
Issue of Bonds - Replacement
Issue of Bonds - Replacement.
About this update from Plaza Centers N.v.
[{"type":"text","content":"\n RNS Number : 3268Z Plaza Centers N.V. 12 January 2011 \n \n\nThis announcement replaces RNS number 3046Z, released on 12 January 2011. The Company will issue an unsecured non-convertible Series A and Series B Notes for NIS 300 million, not NIS 291 million as previously advised.\n \nPLAZA CENTERS N.V. ANNOUNCES THE PRIVATE PLACEMENT OF ADDITIONAL UNSECURED NON-CONVERTIBLE SERIES A AND SERIES B NOTES FOR 300 MILLION NIS (CIRCA €65 MILLION)\n \n12 January 2011 - Plaza Centers N.V. (\"Plaza\" or the \"Company\"), a leading emerging markets property developer, announces that, following the listing for trade and offering in Israel of unsecured non-convertible Series A and Series B Notes of Plaza (the \"Series A Notes\" and \"Series B Notes\", respectively), pursuant to Plaza's prospectus dated February 3, 2008 (the \"Prospectus\"), Plaza has agreed with Israeli Investors to issue an additional principal amount of approximately NIS 88 million (approximately €19 million) of Series A Notes (the \"Additional Series A Notes\") for an aggregate consideration of approximately NIS 99 million (approximately €21 million) and an additional principal amount of approximately NIS 179 million (approximately €39 million) of Series B Notes (the \"Additional Series B Notes\" and together with the Additional Series A Notes, the \"Additional Notes\") for an aggregate consideration of approximately NIS 201 million (approximately €44 million) by way of a private placement. The terms of the Additional Notes are identical to the terms of the Series A and Series B Notes listed for trade and offered pursuant to the Prospectus. For information regarding the terms of the Series A and Series B Notes, see Plaza's announcements dated February 3 and February 12, 2008. \n \nRan Shtarkman, Plaza's President and Chief Executive Officer, commented:\n \n\"We continue to be encouraged by the support shown from investors for our highly rated bonds, reflecting their confidence in Plaza and its ability to deliver on its strategic objectives.\"\n \nThe issuance of the Additional Notes is subject to the receipt of the approval of the Tel Aviv Stock Exchange for the listing of the Additional Notes for trade on the Tel Aviv Stock Exchange. \n \nThe sale and/or transfer of the Additional Notes are subject to the limitations on re-sale ...