By Marisa Wong
Madison, Wis., June 12 – Ellomay Capital Ltd. announced a private placement of NIS 80.34 million of its non-convertible series A debentures to Israeli classified investors for a total consideration of NIS 81.1 million.
The debentures were priced at NIS 1.01 per NIS 1 principal amount. The aggregate consideration includes about NIS 1.7 million of interest due on the debentures on June 30.
The series A debentures will have identical terms to the existing series A debentures originally issued in January. The debentures carry a coupon of 4.6% and mature in December 2023.
The private placement was led by Leumi Partners Underwriters Ltd. and Rosario Capital Ltd.
Standard & Poors Maalot Ltd., assigned its ilA- rating to the latest series A debentures.
Based in Tel Aviv, Ellomay operates in the renewable energy and energy infrastructure sector.
| Issuer: | Ellomay Capital Ltd.
|
| Issue: | Series A debentures
|
| Amount: | NIS 80,341,000
|
| Proceeds: | NIS 81.1 million
|
| Maturity: | December 2023
|
| Coupon: | 4.6%
|
| Price: | 101
|
| Announcement date: | June 12
|
| Rating: | Maalot Ltd.: ilA-
|
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