IFLR1000

KBS Strategic Opportunity REIT NIS1 billion bond issue

3/3/2016
Investment grade bond/note issue
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NIS 1 billion

$ 269.036 million

Completed

3/3/2016

Overview:

  • KBS Strategic Opportunity REIT has undertaken a NIS1 billion bond issue.
  • The 4.25% issue is the first debt issue by a US based REIT in Israel.
  • Poalim IBI and Leumi Partners acted as underwriters
  • The bond issue will fund new operations and the acquisition of new assets.
  • KBS is managed by California real estate investment firm Newport Beach.

Sam Duke - Editor

Jurisdiction:

Israel

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Real estate

Firm:
DLA Piper

Party: KBS Strategic Opportunity REIT (Issuer)

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