Delek Group has completed the process of securing the super royalties for the Whale Reservoir: Delek raised $ 180 million in bonds tonight, at a dollar interest rate of 7.5% per year, and a 3.5-year maturity.
Read more in Calcalist:
Demand was $ 240 million, a third of which was from Israeli investors. The bonds to be called Bond Whale will be traded on an institutional continuum platform.
The proceeds will be used by the Delek Group to repay payments to bondholders at the end of the year, so that the proceeds will ensure Delek’s compliance with its debts during 2020. The process was led by Goldman Sachs Investment Bank among foreigners and in Israel’s Leader Capital Markets.
At the end of the week, Delek, which is managed by Idan Wells and controlled by Yitzhak Tshuva, sold 70% of Delek Israel to Lahav L.R., which is controlled by Avi Levy, who acquired control together with Uri Mansour.
Both transactions improved the yield at which Delek’s bonds were traded up to 44%, after having been traded for more than 130% during the year.
Idan Wells CEO of Delek Group Photo: Amit Shaal
Source link by https://www.calcalist.co.il/markets/articles/0,7340,L-3864550,00.html
*The article has been translated based on the content of Source link by https://www.calcalist.co.il/markets/articles/0,7340,L-3864550,00.html
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!
These were the details of the news Delek Group has completed the whaling of Super Whale royalties for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at news1.news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
