By Aaron Hochman-Zimmerman
New York, Aug. 20 - Matrix IT Ltd. priced $60 million six-year notes at a fixed rate of 5.15% linked to the Israeli Consumer Price Index, according to a press release.
The bonds will be repaid in four equal installments between 2010 and 2013.
Matrix intends to use the proceeds to expand the company through global mergers and acquisitions.
The information technology and software company is based in Herzlia Pituach, Israel.
Issuer: Matrix IT Ltd.
| Issue: | Israeli Consumer Price Index-linked notes
|
| Amount: | $60 million
|
| Maturity: | 2013
|
| Coupon: | 5.15%
|
| Pricing date: | Aug. 20
|
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