Results of Offering Based on Shelf Offering Report
According to the Offering Report, the Company offered the public up to NIS 800,000,000 par value of Company debentures (Series 31) ("the Debentures") in 800,000 units, by way of a tender on the unit price, such that each unit comprises NIS 1,000 par value of debentures with a price of 0.977% of their par value, and the minimum price per unit of NIS 977.
Below are the results of the tender which was held on October 19, 2015:
- In the tender, a total of 103 orders were received for the purchase of 739,181 units, including 98 orders for the purchase of 708,819 units received as part of a prior commitment from classified investors, with a total monetary value of NIS 722.2 million.
- The unit price set in the tender is: NIS 977 (hereinafter in this paragraph, "the Set Price").
- Pursuant to Section 2.8 of the Shelf Prospectus, the units were allocated as follows:
- 88 orders from classified investors for the purchase of 651,423 units, which specified a price that is higher than the Set Price - were fully accepted.
- 2 orders from the public for the purchase of 41 units, which specified a price that is higher than the Set Price - were fully accepted.
- 10 orders from classified investors for the purchase of 57,396 units, which specified the Set Price - were fully accepted.
- 3 orders from the public for the purchase of 30,321 units, which specified the Set Price - were fully accepted.
- In total, according to the results of the tender, the Company will issue NIS 739,181,000 par value of Debentures (Series 31).
- The total immediate gross consideration in the public offering amounts to NIS 722.2 million.
- The Company thanks the public of investors for their response to the offer.
With this regard, the rating companies, Standard & Poor’s Maalot and Midroog, reiterated the determined rating for Debentures (Series 31) of ilA/Stable and A1.il/Stable, respectively, for the expansion of Series 31 by a par value of NIS 800 million.
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