BIG Shopping Centers Successfully Secures Around EUR 55 Million by Issuing Secured Bonds in Israeli Stock Exchange
The bonds duration is 6.6 years (maturity October 2029), they are not linked to any index and bear an effective annual interest rate of 1.495%, with 70% loan to value.
The Bonds were issued mainly to leading institutional Israeli funds after having demands in the bidding process for bonds in the amount of above NIS 1 billion (approx. EUR 267 million); namely, BIG had demands of almost 5 times the amount it eventually decided to raise.
BIG group intends to use the proceeds from such issuance of bonds in order to push further its expansion in Serbia and in the Balkan region.
BIG CEE Group is among leading investors in retail real estate, having portfolio of nine shopping centers in Serbia and four additional projects in categories of residential, offices and logistics.
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
24.04.2024. | Construction, Healthcare
Price of construction of Tirsova 2 increases to EUR 141.6 million – Contract awarded to consortium of 10 companies
24.04.2024. | Construction, Healthcare
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
24.04.2024. | Construction, Transport
Dates of publishing of tenders for construction of three sections of fast railroad from Belgrade to Nis known
24.04.2024. | Construction, Transport