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Published on 12/24/2008 in the Prospect News Emerging Markets Daily.

Nanette buys back NIS 2.1 million of bonds

By Jennifer Chiou

New York, Dec. 24 - Nanette Real Estate Group NV announced the repurchase of NIS 2.1 million of its bonds on the Tel Aviv Stock Exchange for a total consideration of NIS 971,000.

The company said that this purchase illustrates its strong operating model and proactive financial management.

Nanette previously said on Dec. 23 that it repurchased NIS 9.03 million of its bonds on the Tel Aviv Stock Exchange for NIS 3.9 million.

Nanette is an Israeli real estate development firm with offices in Amsterdam, the Netherlands, Poland and Hungary.


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