Shimonov & Co. accompanied The Zarasai Group Ltd. in preparing an Initial Public Offering Prospectus followed by a Private Offering which consisted of a total of 400 million NIS Bonds (Series A) rated A+ (A plus) and receiving approval of TASE for the registration of the Bonds for trade on TASE.

The Zarasai Group Ltd is a multifamily housing company which holds 8,000 residential units in NYC (mostly rent stabilized ones). The Zarasai Group Ltd is a part of the Pinnacle Group, controlled by Mr. Joel Wiener, which is one of three biggest residential multifamily housing companies in NYC.