The company is considering three issuing options.
Defense electronics firm Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) said that it is considering a NIS 500 million debt issue in Israel. The company previously filed a shelf prospectus.
Elbit said it is considering three options: fixed rate unlinked notes, unlinked floating rate notes with interest based on the three-month Tel Aviv Inter-Bank Offer Rate (TELBOR) plus a margin, and floating rate notes based on the six-month LIBOR plus a margin and linked to changes in the shekel-dollar exchange rate.
Published by Globes [online], Israel business news - www.globes-online.com - on May 27, 2010
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