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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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