Michlol Mimun issues first-of-its-kind bond offering – totaling NIS 200m
Categories: Capital Markets, Real Estate
Michlol Mimun, a non-bank credit provider for residential construction and business financing, has announced a strategic financial move through its subsidiary,Michlol Real Estate.
They are issuing a private bond series worth approximately NIS 190 million, backed by collateral for urban renewal residential projects.
This marks the first time in the Israeli capital market that institutional investors and eligible clients can access collateral-backed credit for residential construction.
Arnon, Tadmor Levy acted for the company with the transaction led by Shiri Shaham, Shai Margalit and Or Pearl.
Read more here on Funder.