|
|
Article: Hadera Paper Ltd. Contemplated Public Offering in Israel of Additional Series 4 Debentures.
- Article from:
- Science Letter
- Article date:
- August 26, 2008
CopyrightCOPYRIGHT 2008 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Hadera Paper Ltd. (formerly, American Israeli Paper Mills Ltd.)
(AMEX:AIP) held on August 13, 2008, an auction for Israeli institutional investors, as part of the contemplated public offering in Israel of additional series 4 debentures pursuant to the shelf prospectus published by the company in Israel on May 26, 2008 (see also Hadera Paper Ltd).
At the auction, the Israeli institutional investors undertook to purchase series 4 debentures in the aggregate principal amount of approximately NIS 300 million (approximately US$ 83.5 million), approximately six times higher than the original contemplated offering size. The closing price set at the auction was ...