Financing ·
Kenon Holdings Ltd.'s subsidiary, OPC Energy Ltd., announced an offering of NIS 600 million (approximately $202…
KENKenon Holdings Ltd.
Kenon Holdings Ltd.'s subsidiary, OPC Energy Ltd., announced an offering of NIS 600 million (approximately $202 million) in Series E Bonds to be listed on the Tel Aviv Stock Exchange. The offering includes a preliminary placement for qualified institutional investors and a retail component. Institutional demand reached approximately NIS 1.33 billion ($450 million). The final interest rate is undetermined but expected to cap at 4.56% annually. Completion is discretionary and subject to regulatory approvals, including from the TASE. Kenon Holdings Ltd. operates in the energy sector, focusing on power generation assets.