Israel's Nanette buys back NIS 1.08 million more bonds for NIS 319,000

By Susanna Moon

Chicago, Jan. 5 - Nanette Real Estate Group NV said it repurchased another NIS 1,078,800 of its bonds on the Tel Aviv Stock Exchange for NIS 319,000.

In the past month, Nanette said it purchased NIS 62.3 million for NIS 24.6 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 with offices in Amsterdam, the Netherlands, Poland and Hungary.

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