Israeli Electric Corporation’s NIS 1.2 Billion Bond Offering

Herzog Fox & Neeman advised the Israeli Electric Corporation on the deal.

The Israeli Electric Corporation completed its offering of a new bonds series for an approximate capital raise of NIS 1.2 billion. The public offering, which was met with high enthusiasm (in an approximate amount of NIS 2.5 billion) in the Israeli capital market, is one of the largest bond issuances of a non-bank entity over the last year on the Tel-Aviv Stock Exchange. 

Israel Electric Corporation operates as an energy company. The Company generates, transmits, supplies, and distributes electricity to residential and commercial users, as well as offers online payment options, energy restoring, and debt enquiry services. Israel Electric serves customers in Israel. 

Herzog’s team was led by partners Nir Dash (Picture) and Yehuda Aharoni (Hommfor), with the assistance of associates Raz Meltzer, Nahum Mittelman.

Involved fees earner: Yehuda Aharoni – Herzog Fox & Neeman; Nir Dash – Herzog Fox & Neeman; Raz Meltzer – Herzog Fox & Neeman; Nahum Mittelman – Herzog Fox & Neeman;

Law Firms: Herzog Fox & Neeman;

Clients: Israeli Electric Corporation;

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