By Aaron Hochman-Zimmerman
New York, Dec. 4 - Oil Refineries Ltd. priced a total of NIS 1.8 billion in three debenture issues, according to a press release.
The refiner priced a NIS 473 million seven-year, six-month index-linked debenture at an annual interest of 4.8% and a NIS 843 million five-year, six-month index-linked debenture at 4.6%.
It also priced a NIS 500 million four-year, six-month non-linked debenture at 6.5%.
Oil Refineries released a plan to invest $1.1 billion into the company over the next five years.
The company will provide greater funding to "reorganization, upgrading the refining capabilities, investment in environmental protection, safety, improving infrastructure, improving efficiency by combining natural gas, turning the headquarters into a global headquarters and penetrating new markets in the energy and petrochemical spaces," the release said.
The company is a Haifa, Israel-based oil refiner.
Issuer: Oil Refineries Ltd.
| Total amount: | NIS 1.8 billion
|
|
|
| Amount: | NIS 473 million
|
| Issue: | Index-linked debenture
|
| Maturity: | 2015
|
| Coupon: | 4.8%
|
|
|
| Amount: | NIS 843 million
|
| Issue: | Index-linked debenture
|
| Maturity: | 2013
|
| Coupon: | 4.6%
|
|
|
| Amount: | NIS 500 million
|
| Issue: | Non-linked debenture
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| Maturity: | 2012
|
| Coupon: | 6.5%
|
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