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Alon Blue Square Israel places NIS 62 million more series C notes
By Marisa Wong
Madison, Wis., Nov. 14 - Alon Blue Square Israel Ltd. announced it will issue NIS 62 million of additional series C notes to Israeli institutional investors in a private placement.
The company will sell the notes for about NIS 63.9 million, according to a press release.
The add-on notes will have terms similar to and form a single series with Alon's existing series C notes.
The weighted discount rate for the entire series, including all prior issues and the latest placement, will be 5.59%, the release noted.
The company said that about 25.8% of the additional series C notes will be acquired by its subsidiaries, Dor Alon Energy In Israel Ltd. and Blue Square Real Estate Ltd.
Based in Rosh Ha'Ayin, Israel, Alon owns and operates supermarkets and specialty stores.
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