Israel Chemicals Completes Private Debt Placement

Israel Chemicals (ICL; Tel Aviv) has completed the private placement of NIS 695 million (about $160 million) in debentures. S&P rated the debentures AA+/Stable. Poalim IBI, Leumi Partners and Apex Underwriting led the placement, which was aimed at institutional investors. ICL will register the debentures for trading on the Tel Aviv stock exchange “in the near future,” the company says. The sale is part of an “effort to diversify the company’s sources of funding,” it...

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