Israeli's Koor Industries may issue debentures to local investors

By Reshmi Basu

New York, Aug. 2 - Koor Industries Ltd. said it has received approval from its board of directors to file a draft prospectus with the Israeli Securities Authorities over a proposal to sell debentures to Israeli investors.

The issuance is subject to market conditions and is conditional upon the approval by the Israeli Securities Authority and the Tel Aviv Stock Exchange.

Koor Industries, based in Rosh Ha'ayain, Israel, is an investment holding company focusing on high-growth, internationally oriented Israeli companies.

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