Israel’s Partner Communications is considering a NIS500m (US$135.6m) debt refinancing.
The operator said that it could issue debt securities in Israel to pay down existing debt and has begun preparations for a possible uniform public offering.
Partner is…
Israel’s Partner Communications is considering a NIS500m (US$135.6m) debt refinancing.
The operator said that it could issue debt securities in Israel to pay down existing debt and has begun preparations for a possible uniform public offering.
Partner is mulling the offering of three lots of notes, with maturities of three to eleven years. Two of the tranches would have a fixed interest rate and one would have a floating interest rate.
Meanwhile, Standard & Poor’s has assigned an ‘ilAA-‘ rating to Partner’s forthcoming NIS1bn straight bond issue, which will also be used to refinance existing debt.