By Angela McDaniels
Tacoma, Wash., Nov. 24 - Elbit Imaging Ltd. issued an additional NIS 35 million of its series D notes due 2020, according to a company news release.
The notes make annual payments of principal and semiannual payments of interest at the rate of 5% per year, and this is linked to the Israeli Consumer Price Index.
The series D notes were initially issued without a discount rate. The company said that following this latest issuance, the discount rate of the notes is 0.3%.
The notes have been approved for listing on the Tel Aviv Stock Exchange.
The notes were offered to Israeli investors in a private placement under Regulation S of the U.S. Securities Act.
Elbit Imaging has five main business segments: commercial and entertainment centers, hotels, image-guided treatment, residential projects and fashion apparel. The company is based in Tel Aviv, Israel.
| Issuer: | Elbit Imaging Ltd.
|
| Issue: | Series D debentures
|
| Amount: | NIS 35 million
|
| Maturity: | 2020
|
| Coupon: | 5%
|
| Settlement date: | Nov. 24
|
| Distribution: | Regulation S
|
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