Elbit Systems raised NIS 1.9 billion at the institutional tender

Elbit Systems completed raising NIS 1.9 billion at the institutional tender stage by issuing three series of bonds. The raising, one of the largest in an Israeli company, is intended to support the company's growth plans It is better to take advantage of the still, historically low level of yields in the bond market.
Elbit Systems' bond issue, managed by Bezalel Machlis, won NIS 3.45 billion. Elbit Systems raised NIS 1.5 billion in a Series B shekel bond issue for an average life of 4.3 years, bearing an annual interest rate of 1.08% - a spread of 0.66 percentage point above the yield of government shekel bonds for a similar average life. Demand for this series was NIS 2.25 billion.
Elbit Systems raised NIS 200 million in the issuance of a dollar series of C bonds with an average life of 4.3 years. The interest rate on this series closed at 2.12% - one percentage point above the yield of government dollar bonds with a similar average life. The demand for this series was NIS 400 million. Elbit Systems raised NIS 260 million by issuing a dollar series of D bonds for an average life of 6.7 years. The interest rate on this series closed at 2.67% - half a percentage point above the yield on government bonds with a similar average life. The demand for this series was NIS 765 million.