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Published on 4/23/2020 in the Prospect News Emerging Markets Daily.

New Issue: Kenon’s Israeli OPC Energy unit prices NIS 400 million of 2¾% bonds

By Sarah Lizee

Olympia, Wash., April 23 – Singapore-based Kenon Holdings Ltd. said subsidiary OPC Energy Ltd. priced NIS 400 million of 2¾% 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 had submitted orders for NIS 400 million of bonds bearing a coupon of no more than 2¾%, according to a press release.

Kenon is a Singapore-based investment holding company. Its subsidiaries operate power generation facilities in Israel.

Issuer:OPC Energy Ltd.
Issue:Series B bonds
Amount:NIS 400 million
Coupon:2¾%
Listing:Tel Aviv Stock Exchange

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