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Published on 9/26/2007 in the Prospect News Emerging Markets Daily.

New Issue: Israel's Elbit prices NIS 403 million in two tranches with rates of 6.3% and 5.7%

By Aaron Hochman-Zimmerman

New York, Sept. 26 - Elbit Medical Imaging Ltd. priced two tranches (A+, Maalot) totaling NIS 403 million, according to a press release.

The amount of the Regulation S deal was raised from NIS 350 million.

The series E bonds will carry an interest rate of 6.3%, 0.2% lower than the maximum rate offered, and the series F bonds will carry an interest rate of 5.7%, also 0.2% lower than the maximum rate offered.

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

Issuer:Elbit Medical Imaging Ltd.
Amount:NIS 403 million
Issue:Series E tranche, Series F tranche
Coupon:Series E 6.3%, Series F 5.7% (Israel CPI-linked)
Pricing date:Sept. 26
Settlement date:Sept. 30
Distribution: Regulation S
Rating:(A+, Maalot)

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