Israel’s Ellomay plans new debenture series totaling NIS 220 million

By Marisa Wong

Morgantown, W.Va., Sept. 26 – Ellomay Capital Ltd. said it is exploring the possibility of raising funds through the offering of a new series of non-convertible debentures in aggregate principal amount of about NIS 220 million.

The debentures would be sold to the public in Israel, according to a 6-K filing with the Securities and Exchange Commission.

Proceeds are expected to be used for investments in new projects.

The proposed offering is subject to approval by the company’s board of directors, regulatory approvals and the approval of the Tel Aviv Stock Exchange.

Based in Tel Aviv, Ellomay operates in the renewable energy and energy infrastructure sector.

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