Internet Gold completes NIS 65 million debentures private placement

Add-on offering made to Israeli institutional investors

By Jennifer Chiou

New York, Dec. 27 - Internet Gold - Golden Lines Ltd. announced the close of its NIS 65 million private placement of series C debentures, which was an increase to the existing debentures first issued in September 2010.

The offering was made to Israeli institutional investors.

According to a filing with the Securities and Exchange Commission, the Israeli Tax Authority approved the formula for calculating the adjusted discount rate for all series C debentures. As a result of the private placement, the rate for the debentures will be 1.68%.

Internet Gold is a telephone and internet provider based in Petach Tikva, Israel.

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