The Airports Authority raised NIS 1 billion in institutional bonds this evening (Monday) after an excess demand was received in the IPO. The raising was made in accordance with government decisions in the field, which will enable the Authority to implement the development plan For the aviation needs of the State of Israel.
For a pre-ranking recruitment, at the end of which a perfect AAA rating is available, and it was carried out in two series, one with a 6-year maturity in which a sum of NIS 600 million was raised at a fixed interest rate of 1.55% and the other with a 9-year maturity. An amount of NIS 420 million at a linked interest rate of 1.75%.
Director General of the Authority, Hagai Topolansky“The success of the IPO reflects the PA’s financial strength and the confidence that the Israeli capital market has in it.
Chairman of the Board, Isaac (Jerry) Gershon“This is an important day for the Authority, which will enable it to carry out strategic projects worth billions of shekels in the coming years, which will make it possible to increase Ben Gurion Airport’s capacity and improve the service experience at Ben Gurion Airport.”