By Jennifer Chiou
New York, June 8 - Elbit Systems Ltd. announced the issue of NIS 1.1 billion of series A notes due June 30, 2020 to investors in Israel.
The 4.84% notes priced at par and will be payable in 10 equal annual installments at the end of June from 2011 through 2020.
The notes are not linked to any currency or index.
The company previously said it had received early commitments from institutional investors for NIS 927.73 million principal amount of the notes. These investors will receive an early commitment fee of 0.5%.
On May 13, Midroog Ltd. assigned an Aa1 local-scale rating to unsecured notes to be issued by the company, including the series A notes.
The notes will be listed for trading on the Tel Aviv Stock Exchange.
Elbit Systems is a defense electronics company based in Haifa, Israel.
| Issuer: | Elbit Systems Ltd.
|
| Issue: | Series A notes
|
| Amount: | NIS 1.1 billion
|
| Maturity: | June 30, 2020
|
| Coupon: | 4.84%
|
| Price: | Par
|
| Yield: | 4.84%
|
| Settlement date: | June 8
|
| Rating: | Midroog: Aa1 local-scale
|
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