SINGAPORE, April 23, 2020 /PRNewswire/ -- Kenon Holdings
Ltd. (NYSE: KEN) (TASE: KEN) is providing updates on its subsidiary
OPC Energy Ltd.'s ("OPC") offering of NIS400
million (approximately $113
million) of Series B Bonds ("Bond Offering") on the Tel Aviv
Stock Exchange.
The Bond Offering consists of an offering to classified
institutional investors, as well as a retail offering.
Institutional investors have submitted orders for NIS400 million (approximately $113 million) of bonds, bearing an annual
interest rate of no more than 2.75%. The interest rate determined
in the institutional tranche shall constitute the maximum interest
rate in the offering.
This press release is not an offer for, sale of, or a
solicitation to purchase or subscribe for, any securities in
the United States. The securities
discussed in this press release have not been, and will not be
registered under the U.S. Securities Act of 1933, and may not be
offered or sold in the United
States absent registration or an exemption from registration
thereunder.
Caution Concerning Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements include statements with respect to the Bond
Offering by OPC including with respect to the institutional tranche
of the offering, the price, amount and interest of securities
to be offered and the expected maximum interest rate for the
offering. These statements are based on current expectations or
beliefs, and are subject to uncertainty and risks, including risks
relating to market conditions, the risk that the contemplated
offering does not proceed on the terms indicated herein, or at all,
and other risks and factors, including those risks set forth under
the heading "Risk Factors" in Kenon's Annual Report on Form 20-F,
filed with the U.S. Securities and Exchange Commission.
Except as required by law, Kenon undertakes no obligation to
update these forward-looking statements, whether as a result of new
information, future events, or otherwise.
Contact Info:
Kenon Holdings Ltd.
Jonathan Fisch
Director, Investor Relations
jonathanf@kenon-holdings.com
Tel: +44 207-659-4186
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SOURCE Kenon Holdings Ltd.