By Susanna Moon
Chicago, Dec. 31 - Ellomay Capital Ltd. said it filed a final prospectus for the issue of NIS 120 million 4.6% 10-year series A debentures in Israel.
The company will hold a public tender to price the bonds at a minimum price of par for each NIS 1,000 principal amount, according to a company press release.
Proceeds will be used to repay about €13.5 million of debt to Israel Discount Bank Ltd. and for its operations and for other general corporate purposes.
The company said on Dec. 16 that it planned to offer NIS 120 million to NIS 150 million of non-convertible debentures in a public offering.
The debentures will not be offered in the United States or to U.S. persons, the company previously said.
Ellomay is a Tel Aviv company that focuses its business in the energy and infrastructure sectors worldwide.
| Issuer: | Ellomay Capital Ltd.
|
| Issue: | Series A debentures
|
| Amount: | NIS 120 million
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| Maturity: | December 2023
|
| Coupon: | 4.6%
|
| Announcement date: | Dec. 16, Dec. 31
|
| Rating: | Maalot Ltd.: ilA-
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