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Israel's Partner Communications considers NIS 1.2 billion note sale
By Angela McDaniels
Tacoma, Wash., April 14 - Partner Communications Co. Ltd. might offer up to NIS 1.2 billion of debt securities through a uniform public offering in Israel, according to a company news release.
Notes issued in the proposed offering would be add-ons to the company's series C 3.35% fixed-rate notes linked to the Israeli Consumer Price Index, series D floating-rate notes and series E 5.5% fixed-rate notes not linked to the Israeli CPI.
The proceeds would be used to settle payment on or purchase the company's series A notes and/or refinance other debt.
The company said Standard & Poor's Maalot assigned an ilAA- rating to any additional series C, D or E notes issued in the offering.
Partner Communications is a Rosh Haayin, Israeli-based provider of telecommunications services.
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