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Singapore-based Kenon’s Israeli OPC unit offers NIS 400 million bonds
By Marisa Wong
Los Angeles, April 23 – Kenon Holdings Ltd. said subsidiary OPC Energy Ltd. is offering NIS 400 million of series B bonds on the Tel Aviv Stock Exchange.
The bond offering consists of an offering to classified institutional investors as well as a retail offering.
Institutional investors have submitted orders for NIS 400 million of bonds bearing a coupon of no more than 2¾%, according to a press release.
The interest rate determined in the institutional tranche will constitute the maximum interest rate in the offering, the company noted.
Kenon is a Singapore-based investment holding company. Its subsidiaries operate power generation facilities in Israel.
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