Delek Drilling and Avner Oil Have Issued $2 Billion of Bonds to Finance Their Operations in Israel

摘要

The two gas subsidiaries of Delek Group, Delek Drilling and Avner Oil Exploration, have announced that on 8 May they completed the procedure for fixing the interest rates payable on $2 billion of bonds that are being issued mainly to replace debt connected with the development of the Tamar gas field and an existing bridge loan (Existing Financing), as well as to fund their ongoing activities, including the continued investments they expect to make in their upstream assets in Israel. The bonds will be based on their share of the cash flow that will result from the sale of natural gas and condensate from the Tamar field.