The CPI linked bonds bear a 5.45% annual interest and are redeemable in three equal payments in 2013-2015
Zim Integrated Shipping Services Ltd., completed a NIS 490m private placement of consumer prices index (CPI) linked bonds.
Zim Shipping is controlled by the Ofer family through Israel Corp. (TASE: ILCO), and is ranked 13th worldwide by size.
The bonds are principle and interest linked to the CPI and bear annual interest of 5.45%. They are redeemable in three equal payments in 2013-2015. Maalot The Israel Rating Co. Ltd. rated the bonds A+.
Published by Globes [online], Israel business news - www.globes.co.il - on October 29, 2006
© Copyright of Globes Publisher Itonut (1983) Ltd. 2006