Israel’s Delek steams ahead with $2.25bn trade

Gas processing plant from Adobe 26Jun20 575x375
By Mariam Meskin
03 Aug 2020

Israeli energy company, Delek Drilling, is set to launch a $2.25bn bond sale this week to support the expansion of its gas fields in the Mediterranean Sea, according to market sources.

The deal is expected to be priced on Tuesday, according to sources. 

The issuer mandated BNP Paribas, Goldman Sachs, HSBC and JP Morgan as bookrunners on the multi-tranche bond sale, which will have tenors of three, five, seven and 10 years. Fitch has rated the bonds BB. 

Proceeds from the ...

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