Internet Gold-Golden Lines plans NIS 250 million series E debentures

By Susanna Moon

Chicago, Feb. 5 – Internet Gold-Golden Lines Ltd. said it plans to price up to NIS 250 million principal amount of unsecured series E debentures to Israeli institutional investors under Regulation S.

The principal amount of the series E debentures will be payable in six installments, consisting of five equal installments of 10%, payable each year from 2020 through and then the final 50% installment due Dec. 15, 2025, according to a company announcement.

Interest is expected to be a fixed rate set through an auction, the company said.

If issued, the company will apply to list the debentures on the TACT-Institutional System maintained by the Tel Aviv Stock Exchange Ltd.

The offering is also subject to the confirmation by Midroog Ltd., an Israeli rating company.

Internet Gold is a telephone and internet provider based in Ramat Gan, Israel.

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