TEL AVIV- Israel's Delek Group said on Sunday it finished the pricing process for an issuance of $180 million worth of bonds, which will be secured by royalties from the Leviathan natural gas field.
The issuance will take place on Oct. 28. The repayment date of the bonds is Dec. 30, 2023 in a single payment, and they bear dollar-based fixed annual interest of 7.494%.
The proceeds of the offering will be used for upcoming payments to bondholders.
The bonds will be traded on the Tel Aviv Stock Exchange's trading system for institutional investors. I
(Reporting by Tova Cohen Editing by Steven Scheer) ((tova.cohen@thomsonreuters.com; +972-9-899-0222; Reuters Messaging: tova.cohen.thomsonreuters.com@reuters.net))
