By Susanna Moon
Chicago, Jan. 13 - Ellomay Capital Ltd. said it expects to receive gross proceeds of about NIS 116.8 million from the offering of its 4.6% series A nonconvertible debentures.
The company accepted orders for 120,000 units of the debentures in the public tender held on Jan. 12 at a price of NIS 973 for each NIS 1,000, according to a press release.
Ellomay said on Jan. 9 that it accepted commitments for NIS 93.2 million of the 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 previous press release.
The institutional and classified investors were to receive a 0.5% discount for their early commitment, calculated based on the minimum price per unit in the public tender, the company 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.
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.
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
|
| Proceeds: | NIS 116.8 million
|
| Maturity: | December 2023
|
| Coupon: | 4.6%
|
| Price: | 97.3
|
| Announcement date: | Dec. 16, Dec. 31, Jan. 9
|
| Rating: | Maalot Ltd.: ilA-
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
