ISRAEL PORTS

Background

The Israel Ports Development & Assets Company Ltd. (IPC) is a government organization and is responsible for the development of Israel’s three commercial seaports. IPC manages some of the country’s largest infrastructure development projects.

The Company is rated Aa1 by Moody’s and AAA by S&P.

Accomplishment 

Orion was the leading underwriting firm in the issuances of 3 series of bonds (A, B and C).

The total amount raised for all 3 series was approximately $2.5 billion and the total demand for all 3 series was approximately $4.99 billion.

PPHE

Background:

Park Plaza are an international hospitality real estate group, with a prime property portfolio consisting of 46 properties in five countries.

PPHE shares are listed on the Premium Listing segment of the Main Market of the London Stock Exchange.

Orion led the block trade in in the Israeli capital market in order to allow greater liquidity for investors by expanding the shareholder base.

Accomplishment:

Distribution of 7.18 Million shares out of a total of 9.3 million shares for £16 share price, the placing represented 17% of the issued share capital of the Company.

Total raised amount in the Israeli capital market £115.5 Million.

Following the successful block trade, In June 2019 PPHE entered the FTSE 250 index.

MEGA OR

Background

Mega Or specializes in developing and managing income producing real estate of commercial properties and logistics centers in Israel.

The company’s IPO was in 2007 and is traded at a market value of approximately ILS 2 billion. Since the IPO, the company has issued 8 series of bonds, out of these 6 are currently traded for a total debt of ILS 1.6 Billion.

Accomplishment

Orion completed a successful raise despite volatile market conditions of ILS 250 million with an interest rate of 1.4% for 7-year duration bonds; total demands of the offering were $618 million.

Orion provided the company with rating advisory services and due to the series securities accomplishes  AA- rating by S&P, which is 2 notches higher from the company’s rating (A).

recently Orion raised an additional ILS 200 million in equity for Mega Or.

The Zarasai Group Ltd.

Background

Pinnacle group has selected a large portfolio and has created a holding company named Zarasai.

The Pinnacle Group is a privately held, New York real estate firm, holding one of the largest rent stabilized portfolios in New York City, with a unique business model and strong financial performance. Since its first bond issuance in Israel the company has raised over $3 billion.

Accomplishment