Israeli mobile operator Cellcom received NIS 2bn (US$559m) in orders but ultimately raised a net NIS 1.13bn in two bond issues, the company announced yesterday.
According to a company statement, Cellcom issued NIS 622m (US$174m) of Series D debentures…
Israeli mobile operator Cellcom received NIS 2bn (US$559m) in orders but ultimately raised a net NIS 1.13bn in two bond issues, the company announced yesterday.
According to a company statement, Cellcom issued NIS 622m (US$174m) of Series D debentures at the price of NIS 1,194 (US$334) per unit. This bond has an interest rate of 5.19%, linked to Israel’s Consumer Price index.
Some NIS 378m (US$106m) was also issued in Series E debentures at NIS 1,053 (US$294) per unit. This bond is not tied to the country’s CPI, and its interest is fixed at 6.25%.
No other financial information was released by the company, which expects to close the bond on 21-22 August.
Reports suggest the group had originally planned to raise NIS 742m (US$207m) in the Series D bond and NIS 398m (US$111m) in the Series E bond.
The four other mobile operators in the country are Pelephone, Partner Communications, Mirs Communications and Golan Telecom.
