TASE Weekly Review June 1- 5 2014

TEL AVIV, Israel, June 5, 2014 /PRNewswire/ --

Trading on the Tel Aviv Stock Exchange (TASE) during the short first week of June ended up in most of the leading share indices "Inrom Construction" makes largest IPO in 4 years 

The foreign real estate company "Extell" raised US $300 million in the largest offering of a new company in the bond market 

TA-25  

The TA-25 index increased 0.5% over the week, bringing year-to-date increase to 5.3%.

     (Logo: http://photos.prnewswire.com/prnh/20130117/588933 )

TA-100  

The TA-100 index increased 0.2% over the week, bringing year-to-date increase to 4.3%.

TA-Biomed 

The TA- Biomed decreased 1.2% over the week, bringing year-to-date decrease to 8.3%.

Share Offering (IPO) 

Inrom Construction, which deals with manufacturing and sales of products and solutions for the building sector, made an IPO of US $100 million - the largest IPO on the TASE since June 2010.

Since the beginning of the year, the business sector raised US $1.3 billion through share offerings on the TASE, after raising US $1.7 billion for the whole of 2013.

Corporate Bonds 

Two new foreign companies, dealing with setting up real estate projects and income-producing real estate in New York, made bond offerings to the public:

Extell raised US $300 million in the largest issue of a new company in the history of the bond market, and Brookland raised US $34 million.

Four established companies made bond offerings of US $440 million, of which US $334 million by Mizrahi Tefahot Bank.

Since the beginning of the year the business sector raised US $7.3 billion through bond offerings of which US $3.3 billion on the "TACT Institutional" system, after raising US $10.1 billion for the whole of 2013.

Sector Indices

                         WEEK      2014
    TA Bluetech-50      -0.5%     -3.8%
    TA Banks             0.8%      0.9%
    TA Real Estate-15    0.7%      2.1%

Foreign Exchange

                         WEEK      2014
    Dollar/NIS          -0.1%      0.0%
    Euro/NIS            -0.1%     -1.2%

Facts & Figures 

The Tel-Aviv Stock Exchange features in May 2014:

• 485 companies listing equities.
• 568 Exchange Traded Notes.
• 34 series of government bonds.
• 78 Series of Institutional bonds.
• 595 series of corporate bonds.
• 1,280 mutual funds.
• Market Cap. (US$ billions)
  • Equities - 215
  • Government bonds - 143
  • Corporate bonds - 91

About TASE 

Established in September 1935, the Tel-Aviv Stock Exchange is Israel's sole securities exchange, offering an increasingly sophisticated range of products to investors, including equity, corporate bonds, treasury bills and notes, index products and derivatives.

International  

In recent years, TASE has enhanced its international presence, signing Memoranda of Understanding with the London Stock Exchange, NASDAQ, NYSE-Euronext the Shanghai Stock Exchange, and Toronto Stock Exchange.

For more information please contact: 

Idit Yaaron or Orna Goren, TASE, +972(3)5677-405/6

Visit the Tel Aviv Stock Exchange's Website: http://www.tase.co.il

SOURCE Tel Aviv Stock Exchange Ltd

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