NETANYA, Israel, Dec. 10, 2018 /PRNewswire/ --
Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the
"Company") announced today that the previously announced public
tenders for the issuance of additional debentures of the Company's
Series K and L, have been concluded. The Company received bids for
approximately NIS 830 million total
consideration and accepted approximately one-half of these bids.
The final pricing information relating to the public offering is as
follows:
- approximately NIS 187 million
principal amount of series K debentures for a price of NIS 1,009.5 per each unit of NIS 1,000 principal amount of series K
debentures, which represents an effective interest rate of
3.70%;
- approximately NIS 213 million
principal amount of series L debentures for a price of NIS 916.5 per each unit of NIS 1,000 principal amount of series L
debentures, which represents an effective interest rate of
4.34%.
The total net consideration to be received by the Company is
approximately NIS 384 million. The
closing of the offering is expected to occur on December 10-11, 2018.
The offering described in this press release was made in
Israel to residents of
Israel only. The said debentures
will not be registered under the U.S. Securities Act of 1933 and
will not be offered or sold in the United
States. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy any
debentures.
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is a leading Israeli
communications group, providing a wide range of communications
services. Cellcom Israel is the largest Israeli cellular provider,
providing its approximately 2.825 million cellular subscribers (as
at September 30, 2018) with a broad
range of services including cellular telephony, roaming services
for tourists in Israel and for its
subscribers abroad, text and multimedia messaging, advanced
cellular content and data services and other value-added services
in the areas of music, video, mobile office etc., based on Cellcom
Israel's technologically advanced infrastructure. The Company
operates an LTE 4 generation network and an HSPA 3.5 Generation
network enabling advanced high speed broadband multimedia services,
in addition to GSM/GPRS/EDGE networks. Cellcom Israel offers
Israel's broadest and largest
customer service infrastructure including telephone customer
service centers, retail stores, and service and sale centers,
distributed nationwide. Cellcom Israel further provides OTT TV
services, internet infrastructure and connectivity services and
international calling services, as well as landline telephone
services in Israel. Cellcom
Israel's shares are traded both on the New York Stock Exchange
(CEL) and the Tel Aviv Stock Exchange (CEL). For additional
information please visit the Company's website
http://investors.cellcom.co.il.
Company Contact
Shlomi
Fruhling
Chief Financial Officer
investors@cellcom.co.il
Tel: +972-52-998-9735
Investor Relations Contact
Ehud Helft
GK Investor & Public Relations In partnership with
LHA
cellcom@GKIR.com
Tel: +1-617-418-3096
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SOURCE Cellcom Israel Ltd.