By Reshmi Basu
New York, Aug. 21 - Elbit Medical Imaging Ltd said it issued 366,884 units of series A and series C notes or an equivalent of NIS 410 million to institutional investors in Israel via a public offering.
Elbit said it received offers to buy 554,728 units or the equivalent of NIS 620 million, which was more than twice the initial amount offered of 280,000 units.
The company increased the size of the offer to 366,884 million or NIS 410 million.
The interest rate is 5.4% linked to Israel's consumer price index. The rate was set at the high end of the 5.2% to 5.4% talk.
Elbit will now sell 91,721 additional units to retail investors for a total size of 458,604 units.
Each unit is made up of NIS 1,000 of series C notes and NIS 116.9 of series A notes. They are being sold at NIS 116.9 each.
The Tel Aviv, Israel-based company is engaged principally in the development of commercial and entertainment centers in central and eastern Europe.
Issuer: Elbit Medical Imaging Ltd
Issue: Units of NIS 1,000 series C notes and NIS 116.9 series A notes
Amount: 366,884 units (institutional offering), 458,604 total
Interest rate: 5.4%
| Price: | NIS 1,116.9 per unit
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