GTC Poland sets bond sale

Global Trade Center (GTC) Poland, the real estate subsidiary of Kardan Ltd., said Thursday it expected to raise NIS 1.5 billion through the sale of bonds.

By MATTHEW KRIEGER
April 29, 2007 07:33

 
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Global Trade Center (GTC) Poland, the real estate subsidiary of Kardan Ltd., said Thursday it expected to raise NIS 1.5 billion through the sale of bonds. Proceeds of the financing, the largest one-time bond sale on the Warsaw Stock Exchange, will be used to develop some of the most expensive properties in Poland. GTC, established in Poland in 1994, is one of the biggest land developers in Central & Eastern Europe in the office buildings, shopping centers and residential properties sectors.

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