LONDON, December 12, 2017 /PRNewswire/ --
BCRE - Brack Capital Real Estate
Investments N.V.
("BCRE" or the
"Company")
Midroog updated
the credit rating of the Company's Series A, B and C
bonds
The Company announces that Midroog, the credit rating agency
accredited by Israel and a
subsidiary of Moody's Investors Service Inc.
("Midroog"), has reaffirmed the credit rating of the
Company's Series B and C bonds of A2 on a local Israeli scale and
changed the outlook from negative to stable. The Company's Series B
and C bonds are being early redeemed as announced by the Company
before the year end. In addition, Midroog changed the credit rating
of the Company's Series A bonds from A2 to A3 on a local Israeli
scale and changed the outlook from negative to stable. Following
the Series A bonds' scheduled payment on 19
December 2017, the outstanding principal amount of Series A
bonds due on 19 December 2018 will
amount approximately to NIS 75
million (approximately EUR 18
million).
About BCRE
BCRE is an international real estate development and investment
group, headquartered in the
Netherlands and listed on the London Stock Exchange. Through
its subsidiary and associated undertakings, the Company is
interested in, develops and operates an international portfolio of
real estate assets in the markets it operates.
The Company has established local management team platforms with
significant local market expertise. At present, the Company has
offices and teams in New York,
London, Moscow, Kazan, New
Delhi, Amsterdam and
Limassol.
ENQUIRIES:
BCRE - Brack Capital Real Estate Investments N.V.
Ariel Podrojski, Chief Executive Officer
Nansia Koutsou, Chief Financial Officer / Chief Operating Officer,
+31-20-514-1004
Novella Communications
Tim Robertson
Toby Andrews, +44-203-151-7008
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