Israeli's Koor Industries to issue NIS 300 million in debentures

By Reshmi Basu

New York, May 7 - Koor Industries Ltd. said it plans to sell about NIS 300 million of investment-grade debentures to Israeli investors via a private placement.

Maalot, an Israeli securities rating company, rated the issue A+.

The completion of the deal is subject to the approval of the Tel Aviv Stock Exchange and upon market conditions.

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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