In the past few days, Discount Investment, controlled by Eduardo Elsztain, has bought back bonds of its 6 series at an average price of NIS 1.16, for a total of some NIS 96 million. The buyback price reflects a yield to maturity of 8%, and the gain to Discount Investment is about NIS 7 million. The bond buyback comes after Discount Investment's recent sale of its entire 26% holding in supermarket chain Shufersal Ltd. (TASE:SAE) for NIS 1.5 billion. RELATED ARTICLES Elsztain sells controlling stake in Shufersal Elsztain improves offer to IDB group bondholders Elsztain, who serves a chairman of Discount Investment, said, "The bond buyback is a direct continuation of the policy of raising the company's liquidity level and reducing its financial leverage." Published by Globes, Israel business news - en.globes.co.il - on September 2, 2020 © Copyright of Globes Publisher Itonut (1983) Ltd. 2020
