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Alon Blue Square Israel to place NIS 150 million more series C notes
By Toni Weeks
San Luis Obispo, Calif., April 3 - Alon Blue Square Israel Ltd. announced it will issue NIS 150 million of additional series C notes to Israeli institutional investors in a private placement.
The company will sell the notes for about NIS 151 million, according to a press release.
The add-on notes will have terms similar to and will 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 5.55%, the release noted.
Based in Rosh Ha'Ayin, Israel, Alon owns and operates supermarkets and specialty stores.
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