Israel's Nanette buys back NIS 9.03 million of bonds at discount

By Susanna Moon

Chicago, Dec. 23 - Nanette Real Estate Group NV said it repurchased NIS 9.03 million of its bonds on the Tel Aviv Stock Exchange for NIS 3.9 million.

"This purchase further illustrates Nanette's financial strength as a group," the company said in a press release. "In the current global economic crisis, this is in itself a considerable achievement and is testament to Nanette's strong operating model and proactive financial management."

Nanette is an Israeli real estate development firm.

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