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SOURCE Tel Aviv Stock Exchange Ltd
TEL AVIV, Israel, June 5, 2014 /PRNewswire/ --
Trading on the Tel Aviv Stock Exchange (TASE) during the short first week of June ended up in most of the leading share indices "Inrom Construction" makes largest IPO in 4 years
The foreign real estate company "Extell" raised US $300 million in the largest offering of a new company in the bond market
The TA-25 index increased 0.5% over the week, bringing year-to-date increase to 5.3%.
The TA-100 index increased 0.2% over the week, bringing year-to-date increase to 4.3%.
The TA- Biomed decreased 1.2% over the week, bringing year-to-date decrease to 8.3%.
Share Offering (IPO)
Inrom Construction, which deals with manufacturing and sales of products and solutions for the building sector, made an IPO of US $100 million - the largest IPO on the TASE since June 2010.
Since the beginning of the year, the business sector raised US $1.3 billion through share offerings on the TASE, after raising US $1.7 billion for the whole of 2013.
Two new foreign companies, dealing with setting up real estate projects and income-producing real estate in New York, made bond offerings to the public:
Extell raised US $300 million in the largest issue of a new company in the history of the bond market, and Brookland raised US $34 million.
Four established companies made bond offerings of US $440 million, of which US $334 million by Mizrahi Tefahot Bank.
Since the beginning of the year the business sector raised US $7.3 billion through bond offerings of which US $3.3 billion on the "TACT Institutional" system, after raising US $10.1 billion for the whole of 2013.
WEEK 2014 TA Bluetech-50 -0.5% -3.8% TA Banks 0.8% 0.9% TA Real Estate-15 0.7% 2.1%
WEEK 2014 Dollar/NIS -0.1% 0.0% Euro/NIS -0.1% -1.2%
Facts & Figures
The Tel-Aviv Stock Exchange features in May 2014:
Established in September 1935, the Tel-Aviv Stock Exchange is Israel's sole securities exchange, offering an increasingly sophisticated range of products to investors, including equity, corporate bonds, treasury bills and notes, index products and derivatives.
In recent years, TASE has enhanced its international presence, signing Memoranda of Understanding with the London Stock Exchange, NASDAQ, NYSE-Euronext the Shanghai Stock Exchange, and Toronto Stock Exchange.
For more information please contact:
Idit Yaaron or Orna Goren, TASE, +972(3)5677-405/6
Visit the Tel Aviv Stock Exchange's Website: http://www.tase.co.il
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