Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
Items just for you
New publication added! Advertising Arguments 2015 book
Free Downloads
Search
My Profile
Login
Management Side
Technical Side
Hadera Paper/American Israeli Paper Mills Ltd. Authorizes New Series of Debentures
Print

Hadera,  Israel, 06 July 2008  -- /PRNewswire/ -- Hadera Paper/American Israeli Paper Mills Ltd. (AMEX:AIP) [AIPM] announced that, following the shelf prospectus that was published by the company on 26 May 2008,  the company's board of directors today authorized the company's management to raise of up to approximately NIS 150 million by way of a public placement of new series of debentures. The scope of the issuance might change, according to market conditions. The interest rates that the new series of debentures shall bear will be determined at tender.

The issuance of debentures shall be executed according to a shelf offering report detailing the conditions of the issuance, to be approved by the company's board of directors and subordinate to the Tel Aviv Stock Exchange's approval for listing the debentures for trade. However, there is no certainty as to the actual execution of the raise, its extent, and its timing.

The company also announced that Maalot (Israeli Securities Rating Company Ltd., affiliation of Standard and Poor's) decided to rate the company's new and existing series of debentures as (AA-)/Negative Outlook.

Source: American Israeli Paper Mills Ltd. Group



Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: