Chicago, June 29 – Partner Communications Co. Ltd. sold NIS 300 million additional series G debentures (S&P Maalot: ilA+), according to a 6-K filing with the Securities and Exchange Commission.
The price for notes in the expanded series is 100.48 for a total consideration of NIS 314.4 million.
There are NIS 449,924,200 of the series G debentures in circulation. With this add-on, there will be a total amount of NIS 749,924,000.
The additional notes will be issued above their adjusted value of 100.04 agorot for each NIS 1 par value, and therefore will be issued with no discount.
The weighted discount rate is 1.227%. With the add-on, the weighted discount rate will be 0.776%.
Proceeds will be used for the early repayment of debt.
Partner Communications is a Rosh Ha’ayin, Israel, mobile communications operator.
| Issuer: | Partner Communications Co. Ltd.
|
| Issue: | Series G debentures
|
| Add-on amount: | NIS 300 million
|
| Proceeds: | NIS 314.4 million
|
| Price: | 100.48
|
| Add-on settlement date: | June 29
|
| Rating: | Maalot S&P: ilA+
|
| Distribution: | Regulation S for original issue
|
| Current amount outstanding: | NIS 449,924,200
|
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