The rumbles jolting stock markets last week haven't discouraged Israel's primary market. During the coming week, companies will be tapping investors for no less than NIS 2.5 billion. The biggest offering is The Israel Corporation's (TASE: ILCO) offering of bonds, not registered for trade. Also, Arison Holdings is issuing NIS 750 million worth of bonds that have received an AA rating from Maalot.
Rather smaller offerings are also waiting in line. Union Bank will be raising NIS 250 million through an offering of bonds and liquid shekel deposits. Cement company Mashav, which is controlled by IDB, means to sell NIS 200 million worth of bonds, which also received an AA rating by Maalot.
Sammy Ofer, Shari Arison and Nochi Dankner aside, there are plenty of others. Adgar, the real estate company of the Schneidman family that controls Direct Insurance, wants to raise NIS 150 million. Gilon Investments, which is controlled by Ilan Ben Dov's Tao Tsuot, means to raise NIS 28 million in bonds and options.
Freddy Robinson's customer Recido means to sell bonds and warrants for shares in Shachar Hamillennium. It promises to register the bonds for trade.
Another company mulling an offering is Pacifica Holdings, presently a shell company, that may start engaging in real estate. Biotechnology company GeneGraft is also considering an initial public offering.
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