Delek Drilling sparks HY market with $2.25bn deal

Delek Drilling, the Israeli energy company, launched a $2.25bn bond sale on Tuesday, in one of the few high yield emerging market bond deals seen during the coronavirus pandemic.
The multi-tranche senior secured RegS/144A $2.25bn deal was announced last Monday, in accordance with Israeli securities regulations that a transaction be in market for a minimum of seven business days. It was then priced on Tuesday morning.
The leads set out with guidance of around 5.75% on a $500m ...Already a subscriber? Login
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