Friday, 17 June 2011

Bezeq plans IPO (Israel)

Bezeq's Board has said that it is looking to raise some ILS 1.5 billion (USD 433.2 million) via a public offering in Israel with up to three issues of new non-convertible debentures, as per its shelf prospectus filed 1 June 2011. Bezeq has however cautioned that it reserves the right to change the amount of the offering or retract it altogether.

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