Tourism and real estate group Ista raises NIS 257 million in bonds
Categories: Capital Markets
The largest tourism company in Israel, and owner of extensive real estate, Ista has raised NIS 257 million through a bond issuance.
S. Horowitz advised Ista, with partner Amir Assali and Eden Halpert acting in the transaction.
The proceeds will allow the company to accelerate its business plans, mainly in real estate. The fundraising was led by Barak Capital Underwriting.
In January 2023, Ista completed a NIS 130 million fundraising from institutional investors.
