Israeli mobile operator Cellcom has raised NIS991.6m (US$264.3m) in the public tenders of its series F and series G bonds in Israel.
The offering was oversubscribed with NIS1.9bn (US$506.8m) in bids, the company stated.
The final pricing of the series…
Israeli mobile operator Cellcom has raised NIS991.6m (US$264.3m) in the public tenders of its series F and series G bonds in Israel.
The offering was oversubscribed with NIS1.9bn (US$506.8m) in bids, the company stated.
The final pricing of the series F debentures is NIS714.8m (US$190.7m) at an annual interest rate of 4.35%, linked to the Israeli Consumer Price Index. The series G bond totals NIS285.2m (US$76.08m) at an interest rate of 6.74% per annum.
In August last year, Cellcom had received NIS2bn (US$559m) in orders but ultimately raised a net NIS 1.13bn (US$301.5m) in two bond issues
The company was not available for comments before going to press.
