Israel Railways NIS1 billion bond issue

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