Taldor raising NIS 100 million in debt placement Thursday
Company promises to register the bonds for trade on the Tel Aviv Stock Exchange within a matter of months
Taldor Computer Systems (TASE: TALD) means to raise NIS 100 million next week, in an offering of bonds linked to the consumer price index.
The bonds will be placed with institutional investors, which have been soaking up corporate paper as the government scales back its own debt offerings.
The company promises though that the bonds will be registered for trade on the Tel Aviv Stock Exchange within a matter of months.
Discount Underwriting is handlng the offering, helped by Apex Underwriting, Altshuler Underwriting, and Tamir Fishman Underwriting.
The software house's bonds have received an A+ rating from Maalot.
On the TASE today, Taldor shares are rising 2.2% on thin turnover of NIS 0.17 million, as of writing. Since March 5, though, shares of the company have risen 20%.