Israel Railways NIS1 billion bond issue

1/3/2015
Investment grade bond/note issue

NIS 1 billion

$ 269.057 million

Completed

1/3/2015


Overview:

  • Israel Railways has undertaken a NIS1 billion bond issue.
  • The issue consists of NIS588 million 1.24% bonds and NIS400 million 0.59% bonds.
  • Clal Finance Underwriting, Poalim IBI and Barak Capital are acting as underwriters.
  • Funds raised will be used to develop new lines and for electrification of the network and represents the company's debut issue on the debt markets.

Sam Duke - Editor

Jurisdiction:

Israel

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

Israel

Industry sector:

Transport


Firm:

Party: Israel Railways (Issuer)