New bond issue: Israel Electric sells USD 600m in 2018 bonds with 5,625% coupon

June 19, 2013 - Cbonds


Israel Electric (Israel) on June 18, 2013 placed USD 600m in bonds with a 5,625% coupon, maturing in 2018. Barclays Capital and Citigroup arranged the deal.
Issuer, issue numberIsrael Electric, 5.63% 21jun2018, USD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 200,000
Start of placement06/18/2013
End of placement07/02/2013
Coupon frequency2 time(s) per year
Settlement date06/21/2013
Maturity date06/21/2018
Issue ManagersBarclays Capital and Citigroup
Trading floorSGX, 2WVB
Issuer: Israel Electric
Issuer profile:
The Israel Electric Corp. is the sole integrated electric utility in the State of Israel and generates, transmits and distributes substantially all the electricity used in the State of Israel. The St... more
Outstanding issues:
11 issuesUSD5,200,000,000
5 issuesILS7,221,353,000
Issuer rating:
S&P Global RatingsBBB-/StableForeign Currency LT07/03/2014