Israel’s Bezeq gets preliminary orders for NIS 713.57 million notes

By Angela McDaniels

Tacoma, Wash., April 19 – Bezeq – the Israel Telecommunications Corp. Ltd. may price an add-on to its series 9 debentures, according to a 6-K filing with the Securities and Exchange Commission.

The company held a preliminary tender on Monday in preparation for the possible public offering of additional series 9 debentures.

In the preliminary tender, the company received undertakings from classified investors for the purchase of NIS 713.57 million of series 9 debentures at a price of NIS 1,077 per NIS 1,000 principal amount. That price will be the minimum price in the public tender, if it takes place.

In total, NIS 1.2 billion of orders were received in the preliminary tender.

The add-on, its scope and its terms are subject to the approval of the Tel Aviv Stock Exchange Ltd.

As previously reported, the company sold NIS 388.45 million of series 9 debentures with a 3.65% coupon in October.

Bezeq is a telecommunication provider based in Tel Aviv and a subsidiary of B Communications Ltd.

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