Mekorot completes $140 million bond issue

The funds are needed for new projects to meet the growing demand for water.

Israel’s national water company Mekorot has successfully secured 650 million shekels (NIS), the equivalent of $140 million, for a series of water development projects through a bond issue. The issue –
Mekorot’s first – was undertaken by Leumi & Co. and Hapoalim IBI.

Mekorot had originally intended to issue just NIS300 million ($65 million) of bonds, but strong demand in the ...

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