By Angela McDaniels
Tacoma, Wash., Aug. 3 - Elbit Imaging Ltd. issued NIS 141,564,000 of series F debentures due Oct. 1, 2015, according to a company news release.
The debentures sold for 109.6. The yield is 5½%.
As previously reported, Elbit announced plans for the debentures on July 28 and released the initial pricing information the next day after soliciting interest from institutional investors.
According to the initial pricing information, the company had expected to issue NIS 110,497,000 of the debentures at 108.6 each for a yield of 5.78%.
The debentures have the same terms as the series F debentures that were issued in September 2007. The coupon was initially 5.7% and is linked to increases in the Israeli Consumer Price Index.
The offering is being made in Israel to residents of Israel only.
The company also issued NIS 112,005,000 of series 1 6.25% convertible debentures due Dec. 31, 2014. The proceeds from the two issues total about NIS 273.9 million.
Elbit has four main business segments: shopping and entertainment centers, hotels, image-guided treatment and residential projects. The company is based in Tel Aviv, Israel.
| Issuer: | Elbit Imaging Ltd.
|
| Issue: | Series F debentures
|
| Amount: | NIS 141,564,000, upsized from NIS 110,497,000
|
| Maturity: | Oct. 1, 2015
|
| Coupon: | Linked to Israeli CPI
|
| Price: | 109.6
|
| Yield: | 5½%
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 4
|
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