By Susanna Moon
Chicago, Dec. 12 – Partner Communications Co. Ltd. said it agreed to sell another NIS 400 million of 2.16% series F debentures in the tender that took place Monday.
The price was set at NIS 1,027 with 48 orders received for the purchase of 389,483 units, according to a 6-K filing with the Securities and Exchange Commission.
Partner said its shelf offering dated Dec. 10 was extended until June 2, 2018.
In the placement, the company offered up to NIS 455 million of the public debentures at NIS 1 principal amount each, or 455,000 units by way of a tender at a unit price of no less than NIS 1,027 per NIS 1,000 par amount.
As announced Sept. 13, the issuer agreed to sell another NIS 150 million of series F debentures on Dec. 4 in a private placement to some Israeli institutional investors.
The price was set at NIS 1.003 for each NIS 1 par amount for total proceeds of NIS 150.45 million, reflecting an effective yield of 2.366% per year.
Partner Communications is a Rosh Ha’ayin, Israel, mobile communications operator.
| Issuer: | Partner Communications Co. Ltd.
|
| Issue: | Series F debentures
|
| Add-on amount: | NIS 400 million
|
| Maturity: | June 25, 2024
|
| Coupon: | 2.16%
|
| Price: | Par for original amount, 102.7 for add-on
|
| Original settlement date: | July 19
|
| Add-on date: | Dec. 11
|
| Rating: | Maalot S&P: ilA+ for original issue
|
| Distribution: | Regulation S for original issue
|
| Original issue: | NIS 254.55 million
|
| Previous add-on amount: | NIS 150 million on Dec. 4
|
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