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Published on 9/21/2007 in the Prospect News Emerging Markets Daily.

New Issue: Israel's Elbit prices NIS 350 million in two tranches

By Aaron Hochman-Zimmerman

New York, Sept. 22 - Elbit Medical Imaging Ltd. priced two tranches (Maalot: A+) totaling NIS 350 million, according to a press release.

The sale consisted of a tranche of series E notes with a maximum interest rate of 6.5% and a tranche of series F notes with a maximum interest rate of 5.9%.

Interest payments on the Regulation S deal will be tied to the Israeli consumer price index.

The Tel Aviv, Israel-based firm primarily deals in the development of commercial centers, hotel and property management in central and eastern Europe and also makes MRI and ultrasound equipment.

Issuer:Elbit Medical Imaging Ltd.
Amount:NIS 350 million
Issue:Series E tranche, Series F tranche
Coupon:Series E 6.5%, Series F 5.9% (Israel CPI-linked)
Pricing date:Sept. 21
Rating:Maalot: A+

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