Israel's Oil Refineries files Hebrew shelf covering stock and bonds

By Devika Patel

Knoxville, Tenn., May 20 - Oil Refineries Ltd. said it filed a shelf prospectus in Hebrew.

The registration covers the following:

• 600 million ordinary shares;

• Up to 10 bond series, where each series will have a nominal value of up to NIS 2 billion;

• Up to five convertible bond series, where each series will have a nominal value of up to NIS 2 billion;

• Up to five series of share options, where each of the option series will include no more than 2 billion options;

• Up to five series of bond options, where each of the option series will include no more than 20 million options, with a value of NIS 100 each;

• Up to the value of NIS 2 billion in series A bonds;

• Up to NIS 2 billion in series B bonds; and

• Up to NIS 2 billion in series C bonds.

The prospectus enables the company to raise capital from the Israeli capital market during the next two years.

Haifa, Israel-based Oil Refineries operates Israel's largest oil refinery.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.