Mekorot extends maturity profile
- From: Vol 8, Issue 1 (January 2007)
- Category: General
- Region: Middle East
- Country: Israel
- Related Companies: Black & Veatch, Clal Finance and Excellence Nessuah
Mekorot has pushed the boundaries of the Israeli bond market with a new 30-year issue. Investors are unlikely to see more issuance from the company this year.
Israel’s Mekorot Water Company has made a triumphant return to the bond market after a one-year hiatus, raising the equivalent of US$300 million via a two-tranche amortising deal, its largest to date. The unsecured notes were sold to institutional investors in Israel, drawing demand equivalent to twice the total face value, and were rated AAA by the Maalot ...
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