Daily roundup / Avgol, first issuer of 2013
Leader recommends banking on bank stocks while Carmel Olefins' creditors pledge to keep turning a blind eye.
Avgol carries off first issue in 2013: And a big one it was. Avgol, which makes non-woven textiles (think wet-wipes, diapers, hygienic napkins) was not only the first Israeli company to issue debt in 2013, it ran into heavy demand of half a billion shekels for its bonds. It raised NIS 120 million from institutional investors and will be raising NIS 30 million more from the general public later...
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