Gazit-Globe
Gazit-Globe Completes a NIS 800 Million (US$ 200 Million) Offering of Unsecured Debentures

DGAP-News: Gazit-Globe

2015-01-28 / 08:30

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TEL-AVIV, Israel, 2015-01-28 08:30 CET (GLOBE NEWSWIRE) -- Gazit-Globe
(NYSE:TSX) (TASE:GZT), one of the world's leading multi-national real estate
companies focused on the acquisition, development and redevelopment of
supermarket-anchored shopping centers in major urban markets, announced today
that it has completed a public offering of its existing Series L debentures in
Israel. The total gross proceeds from the offering were approximately NIS 800
million (approximately US$ 200 million). 

The debentures were offered at a price of NIS 1.063 for NIS 1.00 par value,
representing a yield to maturity of 3.34%. The debentures bear a coupon rate of
4.0% per annum, Israeli-CPI adjusted. Repayment of the principal will begin in
June 2023 with a final maturity date in June 2027, resulting in an average
maturity of 11 years. The debentures have a domestic credit rating of ilAA-
with a stable outlook from S&P Maalot and a domestic credit rating of Aa3 with
a stable outlook from Midroog (Moody's domestic subsidiary). 

The Company intends to use the proceeds from the offering to refinance existing
debt and for general corporate purposes. 

The underwriters syndicate was led by Leader Capital and Clal Finance Markets
and included Excellence Investments, Barak Capital Underwriting, Meitav
Underwriting, Discount Capital Markets & Investments, Poalim IBI, Leumi
Partners and Inbar Underwriting. 

About Gazit-Globe

Gazit-Globe is one of the largest owners, developers and operators of
predominantly supermarket-anchored shopping centers in major urban markets
around the world. Gazit-Globe is listed on the New York Stock Exchange
(NYSE:GZT), the Toronto Stock Exchange (TSX:GZT) and the Tel Aviv Stock
Exchange (TASE:GZT) and is included in the TA-25 and Real-Estate 15 indices in
Israel. Gazit-Globe owns and operates 540 properties in more than 20 countries,
with a gross leasable area of approximately 6.4 million square meters and a
total value of approximately US$ 21 billion. 

FOR ADDITIONAL INFORMATION

A comprehensive copy of the Company's annual report is available on Gazit-Globe
website at www.gazit-globe.com 

FORWARD LOOKING STATEMENTS

This release may contain forward-looking statements within the meaning of
applicable securities laws. In the United States, these statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such statements involve a number of known and unknown risks
and uncertainties, many of which are outside our control, that could cause our
future results, performance or achievements to differ significantly from the
results, performance or achievements expressed or implied by such
forward-looking statements. Important factors that could cause or contribute to
such differences include risks detailed in our public filings with the SEC and
the Canadian Securities Administrators. Except as required by applicable law,
we undertake no obligation to update any forward-looking or other statements
herein, whether as a result of new information, future events or otherwise. 


         CONTACT: Investors Contact: IR@gazitgroup.com
         Media Contact: press@gazitgroup.com
         
         Gazit-Globe Headquarters
         Tel-Aviv, Israel, Tel: +972 3 6948000 /
         New York Office, Tel: +1 212 897 9741
News Source: NASDAQ OMX



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2015-01-28 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English       
Company:     Gazit-Globe   
 
 
             Panama        
ISIN:        PAL0605071A3  
 
 
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