The Harit Keystone Fund for Promoting and Encouraging Investment in Infrastructure in Israel, which includes water, wastewater and wastewater projects, energy infrastructure, transportation, communications and PPP projects owned by Roni Biram, Gil Deutsch and Navot Bar, which invests in properties in the world of infrastructure, reports today, Wednesday, December 1 2021 on the completion of the institutional tender for the issuance of A bonds. The company responded to demand in the amount of approximately NIS 460 million at an effective annual interest rate of approximately 0.26%, out of a total demand of more than NIS 800 million.
A bond is an index-linked straight bond, rated A + by Maalot, with a maturity of approximately 6.6 years with a coupon of approximately 0.75%. Debt raising is another move to diversify and expand Keystone’s capital and financing resources to increase its income-producing infrastructure portfolio.
Navot Bar, CEO of Keystone: “We are pleased with the very impressive response of the institutional bodies to the issuance of Keystone’s first bonds, which is expected to significantly reduce the fund’s funding sources. “The high quality that exists. The high demand at the institutional stage is a strong expression of confidence in the fund’s business strategy, in its professional abilities to achieve the milestones it has set for itself and in the quality of its assets.”