By Aaron Hochman-Zimmerman
New York, July 14 - Hadera Paper Ltd. (AA-, local) priced NIS 800 million series III and series IV debentures, according to a press release.
The Regulation S offer was upsized from NIS 150 million.
The series III debentures have a maturity of 5.2 years and will carry a coupon of 4.7% linked to the Israeli CPI.
The series IV debentures have maturity of 3.8 years and will carry a coupon of 7.45%.
Proceeds from the sale will be used to fund a new production line.
Hadera, formerly American Israeli Paper Mills Ltd., is a Hadera, Israel-based paper manufacturer.
| Issuer: | Hadera Paper Ltd.
|
| Amount: | NIS 800 million
|
| Pricing date: | July 10
|
| Distribution: | Regulation S
|
| Ratings: | Maalot: AA-
|
|
|
| Issue: | Series III debentures
|
| Maturity: | 5.2 years
|
| Coupon: | 4.7%, CPI linked
|
|
|
| Issue: | Series III debentures
|
| Maturity: | 3.8 years
|
| Coupon: | 7.45%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
