Migdal Plans Giant NIS 1 Billion Bond Issue

Sources say they believe part of the proceeds will be used to pay a large dividend, with Eliahu reaping hundreds of millions of shekels in cash on his 69.5% stake in the company.

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Migdal Insurance is getting set to raise as much as NIS 1 billion in a public bond issue, according to market sources, just a fortnight after insurance...