Hadera Paper/American Israeli Paper Mills Ltd. Authorizes New Series of Debentures
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.
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