Cellcom Israel Announces Results of Institutional Stage of Debenture Offering in Israel
CELLCOM ISRAEL (CEL)
US:NYSE Investor Relations:
investors.cellcom.co.il
Company Research
Source: PR Newswire
NETANYA, Israel, Dec. 6, 2018 /PRNewswire/ -- Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (the "Company") announced today that following the previously reported preparation for a potential offering of debentures in an aggregate amount of approximately NIS 300 million, to the public in Israel only, the Company completed the institutional stage of the offering. In light of the demand, the Company decided to increase the offering amount to an aggregate of approximately NIS 400 million principal amount. In the institutional tender the Company received early commitments from institutional investors in Israel for the purchase of approximately NIS 187 million principal amount of series K debentures and approximately NIS 213 million principal amount of series L debentures in the offering. In addition, Standard & Poor's Maalot reaffirmed an ilA+/stable rating for such potential offering of debentures of up to NIS 400 million aggregate principal amount. The execution, timing, terms and amount
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