Mekorot boosts bond supply
- From: Vol 10, Issue 3 (March 2009)
- Category: General
- Region: Asia
- Country: Israel
- Related Companies: Apax Partners, Leumi & Co., Mekorot and Poalim IBI
The Israeli bulk water supplier has funded most of its 2009 investment programme via a new bond. Scarcity value underpinned the demand.
Mekorot National Water Company has placed a NIS 650 million ($155 million) two-part bond issue on the local market. The company had originally planned to raise NIS 300 million, but decided to increase the offering on the back of more than NIS 1 billion in demand.
The borrower added NIS 250 million to its 4.90% CPI-linked bonds due in ...
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