The management of MGG opened trade this morning (24.3.19) in honor of its bonds issue on the Tel Aviv Stock Exchange (TASE). MGG Group was launched in 2014 by Kevin Griffin, a veteran private lending investor, and by co-founder Gregory Racz with initial commitment of $200M made by McCourt Global, an American Investment company. MGG Series A is expected to join the Tel-Bond Global Index in the next indices update on May 2019.
Gregory Racz, CEO MGG: "It is an honor for MGG to be part of the Israeli market and the TASE. We are very excited to have a strong group of best-in-class institutional bondholders and believe we are offering strong protections with attractive returns. We are also proud of our independent board of four leading Israeli investors and advisors. Over time, we look forward to deepening our relationships and presence in Israel."
Drorit Vilnai, Head of listing unit at TASE: “I am happy to open the trading day with the Grerory Racz one of the co funders that arrive to Israel for this occasion. MGG raised 241 NIS Millions last November and became the 35th foreign company to issue bonds on TASE, and the 3rd foreign financial services company. The 35 foreign companies have today 58 bond series traded on TASE with market cap of 22 NIS Billions. Tel-Bond Global index, which includes shekel bonds of foreign companies traded on the TASE. The index consist today 36 bond series with a total market cap of 17.1 NIS billions."
In the picture: MGG Management
Photographer: Guy Asayag, The photo is free of charge.
