IFLR1000

Israel Electric Corporation $1 billion 4.25% bond issue

12/2/2018
Investment grade bond/note issue
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$ 1 billion

Completed

12/2/2018

Overview:

  • State-controlled power company Israel Electric Corporation issued a $1 billion bond.
  • The notes carry an interest rate of rate of 4.25% and mature in August 2028.
  • The bond is listed on the Tel Aviv Stock Exchange.
  • Citigroup and JP Morgan were underwriters on the issue. 

Ben Naylor - Regional editor

Jurisdiction:

Israel

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

Israel

Industry sectors:

Energy
Government and public policy
Utilities

Firm:
Herzog Fox & Neeman

Party: Israel Electric Corporation (IEC) (Issuer)

Lawyers: Nir Dash, Ron Ben-Menachem

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