By Susanna Moon
Chicago, April 21 Bezeq the Israel Telecommunications Corp. Ltd. priced another NIS 769 million of series 9 bonds, according to a 6-K filing with the Securities and Exchange Commission.
As previously reported, the company sold NIS 388.45 million of series 9 debentures due Dec. 1, 2025 with a 3.65% coupon in October.
The company received 86 orders, for the purchase of 714,500 units at a price of NIS 1,077 for each NIS 1,000 principal amount, of which 83 orders for the purchase of 713,572 units were received from classified investors and three orders for the purchase of 478 units were received from the public.
Bezeq said it accepted
In full 77 orders from classified investors for the purchase of 669,642 units for a price that was higher than the determined unit price;
In part one order from the public for the purchase of 100 units for a price higher than the determined unit price;
In full six orders from classified investors for the purchase of 43,930 units for a price higher than the determined unit price; and
In full two orders from the public for the purchase of 378 units at a price higher than the determined unit price.
The bonds were issued without discount.
Bezeq previously announced the plans for the add-on issue to its series 9 debentures and said it held a preliminary tender on April 18 in preparation for the possible public offering.
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, which was the minimum price in the public tender.
In total, NIS 1.2 billion of orders were received in the preliminary tender.
Bezeq is a telecommunication provider based in Tel Aviv and a subsidiary of B Communications Ltd.
| Issuer: | Bezeq the Israel Telecommunications Corp. Ltd.
|
| Issue: | Add-on issue to series 9 debentures
|
| Amount: | NIS 769 million
|
| Maturity: | Dec. 1, 2025
|
| Coupon: | 3.65%
|
| Price: | 107.7
|
| Pricing date: | April 21
|
| Original issue: | NIS 388.45 million debentures priced Oct. 14, 2015
|
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