Bezeq the Israel Telecommunication board OKs NIS 1.5 billion bond issue

By Susanna Moon

Chicago, June 16 - Bezeq the Israel Telecommunication Corp., Ltd.'s board of directors decided Thursday to raise about NIS 1.5 billion in a public offering of up to three series of debentures, according to a 6-K filing with the Securities and Exchange Commission.

S&P Maalot Ltd. gave the bonds a rating of ilAA+, and the Midrug Ltd. announced a rating of Aa1 (negative outlook), the filing noted.

Bezeq is a telecommunication provider based in Tel Aviv.

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