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EFFI CAPITAL NADLAN LTD ( (IL:EFCP) ) just unveiled an announcement.
Effi Capital Nadlan Ltd has announced a shareholders’ meeting to approve the proposed sale of its real estate property, ‘The Asset’, in Netanya, for 240,590,000 NIS. The company plans to use the proceeds to repay debts and for general corporate purposes. Additionally, the company issued bonds secured by the property for the same amount, with a 6.5% annual interest rate, repayable by 2029. The bond issuance underlines the company’s strategic financial planning and aims to strengthen its market positioning by ensuring liquidity and funding for its real estate development projects.
More about EFFI CAPITAL NADLAN LTD
Effi Capital Nadlan Ltd is engaged in the real estate industry, focusing on the development of residential and commercial buildings. The company is involved in real estate transactions and manages properties, including those in Netanya. Effi Capital Nadlan Ltd has signed agreements with contractors and suppliers for ongoing construction projects, which are expected to be completed by the end of 2029.
YTD Price Performance: 9.65%
Average Trading Volume: 31,861
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