Mekorot bonds in the pipeline
- From: Vol 9, Issue 8 (August 2008)
- Category: General
- Region: Middle East
- Country: Israel
- Related Companies: Mekorot
The Israeli bulk water supplier intends to finance its next pipeline project entirely through bond issues. It is a race against time.
Mekorot plans to begin initial work on a fifth pipeline to convey water from Israel’s coastal plain to Jerusalem in August or early September. The NIS2.5 billion (USD700 million) project is currently the largest that is being undertaken by the state-owned bulk water supplier, and will be entirely funded through bond issues to institutional investors.
“We plan to ...
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