The company extended two series of existing bonds in a private placement to institutional investors.
Cellcom Israel Ltd. (NYSE:CEL) completed its private placement of bonds to institutional investors.
Last week the company announced that it intends to raise NIS 200-600 million and today it announced that the offer saw demand in an aggregate amount of NIS 574.8 million. The amount is comprised of the expansion of two series of existing bonds, both of which were rated AA by Maalot The Israel Rating Company.