By Rebecca Melvin
New York, Feb. 8 – Israel Electric Corp. Ltd. priced $1 billion of 4¼% notes due 2028 at a reoffered price of 99.089 for a yield of 4.4%, according to a market source.
The Rule 144A and Regulation S notes were sold under the company’s global medium-term note program by joint bookrunners Citigroup and JPMorgan.
Israel Electric is a Haifa, Israel-based publicly controlled utility.
| Issuer: | Israel Electric Corp. Ltd.
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | Aug. 14, 2028
|
| Bookrunners: | Citigroup and JPMorgan
|
| Coupon: | 4¼%
|
| Price: | 99.089
|
| Yield: | 4.4%
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 13
|
| Distribution: | Rule 144A and Regulation S
|
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