Israel's Elbit Medical Imaging receives board OK to issue debentures up to NIS 630 million

By Reshmi Basu

New York, Feb. 2 - Elbit Medical Imaging Ltd. said it received approval from its board of directors to issue unsecured non-convertible debentures up to NIS 630 million via a private placement.

Midroog Ltd., an affiliate of Moody's Investors Service, has given an A2 rating to the issuance.

The Tel Aviv-based company is engaged principally in the development of commercial and entertainment centers in central and eastern Europe.

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