By Susanna Moon
Chicago, Jan. 9 - Ellomay Capital Ltd. said it accepted commitments for NIS 93.2 million of its 4.6% 10-year series A debentures in an institutional and classified investors bidding.
At the classified bidding, the company received early commitments for 284,296 units of the debentures with a principal amount of NIS 1,000 each, of which the company accepted commitments to purchase 96,000 units at a price of NIS 971 each, according to a press release.
The institutional and classified investors will receive a 0.5% discount for their early commitment, calculated based on the minimum price per unit in the public tender, the company noted.
When the public tender is completed and the company receives the approval for listing the debentures on the Tel Aviv Stock Exchange, the offers by the institutional and other classified investors will be accepted by the company, the release noted.
Ellomay said on Dec. 31 that 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.
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 93.2 million
|
| Maturity: | December 2023
|
| Coupon: | 4.6%
|
| Price: | 97.1
|
| Announcement date: | Dec. 16, Dec. 31
|
| Rating: | Maalot Ltd.: ilA-
|
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