Israel's Koor Industries sells NIS 640 million in debentures

By Reshmi Basu

New York, May 9 - Koor Industries Ltd. said it sold NIS 640 million of investment-grade debentures to Israeli institutional investors via a private placement.

The size of the deal was increased from NIS 300 million.

The bonds were priced at 107.95 and pay a coupon of the Israeli CPI rate plus 4.05%.

Maalot, an Israeli securities rating company, rated the series H debentures A+.

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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