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Israel Ports Development & Assets Company Completes Bond Issue

Israel Ports Development & Assets Company completes bond issue

Israel Ports Development & Assets Company Completes Bond Issue

Haifa, Israel (PortSEurope) May 8, 2018 – Israel Ports Development & Assets Company Ltd has completed a NIS 2.5 billion (€580 million) bond issue, with demand totalling NIS 5.1 billion.

Israel Ports Development & Assets Company is responsible for the development of Israel’s three commercial seaports in Haifa, Ashdod and Eilat, and for providing the necessary infrastructure which will allow the ports to efficiently and competitively handle Israel’s international maritime trade. In addition to managing some of the country’s largest infrastructure development projects, the company acts as Israel’s port property landlord, managing government assets allocated for the facilitation of its international maritime commerce.

Source: Globes

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