Business
Results of Public Offering
Results of Public Offering.
About this update from Plaza Centers N.v.
[{"type":"text","content":"\n Plaza Centers N.V.\n13 February 2008\n\n PLAZA CENTERS N.V.\n ('Plaza' or the 'Company')\n\nPLAZA CENTERS N.V. ANNOUNCES THE RESULTS OF A PUBLIC OFFERING OF NOTES IN ISRAEL\n\nFebruary 13, 2008 - Plaza Centers N.V. ('Plaza' or the 'Company'), a leading\nemerging markets property developer, announces that yesterday it completed a\nsuccessful public offering in Israel of Series B Notes of Plaza pursuant to\nPlaza's prospectus dated February 3, 2008 and the complementary notice dated\nFebruary 11, 2008 which constitute part of the prospectus (collectively, the\n'Prospectus').\n\nIn the Prospectus, Plaza offered to the public Series B Notes ('Series B Units')\n(each Series B Unit consists of NIS 1,000 par value Series B Notes). The\noffering was conducted in a tender. Series B Units were offered by a tender on\nthe annual interest rate borne by Series B Notes which could not have exceeded\n5.4%.\n\nIn the context of the offering of Series B Notes, Plaza has received 626 orders\nfor the purchase of 713,538 Series B Units out of which 79,538 Series B Units\nwere received from the public and 634,000 Series B Units were received from\nclassified investors. The annual interest rate was set to 5.4% (the 'Determined\nInterest Rate'). Accordingly, Plaza will issue 713,538 Series B Note Units as\nfollows:\n\n(i) 97 orders received from classified investors for the\npurchase of 634,000 Series B Units were accepted in full.\n\n(ii) 529 orders received from the public for the purchase of\n79,538 Series B Units in which the proposed interest rate was equal or below the\nDetermined Interest Rate were accepted in full.\n\nThe interest rate to be borne by the Series B Notes with respect to the period\ncommencing on February 13, 2008 (the expected date of clearance) and ending on\nJune 30, 2008 (inclusive) will be 2.056%.\n\nThe immediate gross proceeds to Plaza from the offering of Series B Note Units\ntotaled approximately NIS 713.5 million (approximately €137 million).\n\nThe issue of the Series B Units is expected to be completed today. The Series B\nNotes, as discussed above, are expected to be listed for trade on the Tel Aviv\nStock Exchange (the 'TASE') on February 14, 2008.\n\nThe offering of the Series B Notes was made to persons in Israel only.\n\nIn addition, Plaza announces that the Listing of the Series A Notes of Plaza on\nthe TAS...