By Angela McDaniels
Tacoma, Wash., July 29 - Elbit Imaging Ltd. priced NIS 110,497,000 of additional series F debentures due Oct. 1, 2015, according to a company news release.
The debentures priced at 108.6 for a yield of 5.78%.
The debentures have the same terms as the original series F debentures, which were issued in September 2007. The coupon was initially 5.7% and is linked to increases in the Israeli Consumer Price Index.
Elbit announced plans for the additional debentures on Tuesday and determined the pricing information after soliciting interest from institutional investors.
The offering is being made in Israel to residents of Israel only.
The company also priced NIS 89,604,000 of series 1 6.25% convertible debentures due Dec. 31, 2014. The proceeds from the two issues total about NIS 213 million.
Elbit has four main business segments: shopping and entertainment centers, hotels, image-guided treatment and residential projects. The company is based in Tel Aviv, Israel.
| Issuer: | Elbit Imaging Ltd.
|
| Issue: | Series F debentures
|
| Amount: | NIS 110,497,000
|
| Maturity: | Oct. 1, 2015
|
| Coupon: | Linked to Israeli CPI
|
| Price: | 108.6
|
| Yield: | 5.78%
|
| Pricing date: | July 29
|
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