Israel's Alon units buy back NIS 1.15 million series C debentures

By Ashley Montgomery

Kansas City, Kan., Sept. 27 - Alon Holdings Blue Square-Israel Ltd. said its subsidiaries purchased a total of NIS 1,149,816 of its unsecured non-convertible series C debentures in the open market.

Blue Square Real Estate Ltd. purchased NIS 450,000 of Alon's debentures at NIS 82.15 per NIS 100 principal amount, and Dor Alon Energy in Israel Ltd. purchased NIS 699,816 of the debentures at NIS 82.85 per NIS 100 principal amount, according to a 6-K filing with the Securities and Exchange Commission.

Alon subsidiaries now hold 14.6% of the series C debentures, the filing said.

Based in Rosh Ha'Ayin, Israel, Alon owns and operates supermarkets and specialty stores.

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