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Published on 8/12/2008 in the Prospect News Emerging Markets Daily.

Israel's Hadera Paper to sell another NIS 50 million debentures

By Susanna Moon

Chicago, Aug. 12 - Hadera Paper Ltd. will issue an additional NIS 50 million of series 4 debentures, according to an S-K filing with the Securities and Exchange Commission.

The company said it would raise the funds through a public placement under its shelf filing and according to the series 4 debentures public placement dated July 16.

Hadera priced NIS 800 million series 3 and series 4 debentures on July 10. The Regulation S offer was upsized from NIS 150 million.

The series 4 debentures have a maturity of 3.8 years and will carry a coupon of 7.45%.

Hadera, formerly American Israeli Paper Mills Ltd., is a Hadera, Israel-based paper manufacturer.


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