By Jennifer Chiou
New York, Sept. 28 - Internet Gold Golden Lines Ltd. announced the issue of NIS 170.33 million of new non-convertible series C debentures, including a partially exercised NIS 22.5 million over-allotment option.
The securities are linked to the Israeli Consumer Price Index.
The company originally announced NIS 150 million of the debentures due 2016 through 2019 in a shelf prospectus dated Sept. 1 and filed on Aug. 31 with the Israeli Securities Authority and the Tel Aviv Stock Exchange.
The debentures priced at par and will bear interest at 4.45%, payable semiannually. The interest rate for the first interest period running from Oct. 3 to March 9 is 1.9263%.
The public tender was held on Tuesday. Net proceeds are expected to total NIS 168,805,585.
The securities will be repayable in four equal annual installments on March 10 of each of the years 2016 through 2019.
Internet Gold said Midroog Ltd. has assigned an A3 local-scale rating to the unsecured debentures.
The debentures were sold only in Israel and will be listed on the Tel Aviv Stock Exchange.
Internet Gold is a telephone and internet provider based in Petach Tikva, Israel.
| Issuer: | Internet Gold Golden Lines Ltd.
|
| Issue: | Series C debentures
|
| Amount: | NIS 170,329,000, including NIS 20,329,000 greenshoe
|
| Maturity: | 2016 through 2019
|
| Coupon: | 4.45%, payable semiannually
|
| Price: | Par
|
| Yield: | 4.45%
|
| Repayment: | In four equal annual installments on March 10 of each of the years 2016 through 2019
|
| Pricing date: | Sept. 28
|
| Rating: | Midroog Ltd.: A3
|
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