demand t of NIS 3.8 billion in the issuance of the Israeli Ports Bonds

High demand in the amount of NIS 3.8 billion was recorded in the institutional phase that took place in the issuance of the Israeli Ports Bonds (HNI), which establishes the southern port and the Gulf port. In light of the large demand received at the institutional stage and attractive market conditions, the volume of funding has been increased to NIS 1.5 billion. The public phase will take place on Wednesday.
The issue was attended by most of the classified entities in the economy, including the largest entities in the domestic capital market. The company's bonds are rated AAA by S&P and MidA's 1Aa by a stable horizon.
Uzi Yitzhaki, Chairman of the Board of Directors of Israel Ports Company: "The successful recruitment that ended today is another step in implementing the company's vision to lead the development of Israeli sea ports for the growth of the Israeli economy. The fundraising will enable the company's existing debt cycle to be reshuffled in order to continue investing in old sea ports and building new ports while introducing new technologies and autonomous processes. "
Shlomo Briman, Managing Director of Israel Ports Company: "This is the second port raising of Israeli ports, which has been accompanied and supported by the company's board of directors and its success makes us happy. We thank the Israeli capital market for expressing their confidence in the company. The successful IPO assists in the Company's development of sea ports to promote the Israeli economy. "
The bond issuance was led by Israel's Port Authority by CFO Tico Gadot and CFO Guy Steinberg, together with Attorney General Yael Mits and Yankee Point State Government Authority and Liron Harris Singer, Government Corporate Offices HANI is represented by Adv. Gronitzky & Co., headed by Adv. Sharon Werker-Sagi. The offering was accompanied by Discount Capital Underwriting in conjunction with Orion Underwriting and Offerings.