The Delek Group, controlled by Yitzhak Tshuva, this evening completed the move to securitize the super royalties from the Leviathan gas reservoir. As part of the move, the Delek Group raised $ 180 million through the issuance of international bonds, which will be secured by a lien on the super royalties to which the Delek Group is entitled from the Whale Reservoir.
The bonds were offered to foreign and Israeli investors, with most of the demand for the issue coming from foreign investors. In total, the issue won demand in the total amount of $ 250 million, of which the company responded to orders in the amount of $ 180 million.
The issue also stipulates that the bonds will bear interest of 7.5%. The successful offering was led by Delek Group CEO Idan Wells.
The bonds issued by the Delek Group received an international rating of B Plus from the British rating agency Fitch.
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