Two of the firm's subsidiaries announced an oil find near the Dead Sea today.
Delek Group Ltd. (TASE: DLEKG) subsidiary Delek Energy Systems Ltd. (TASE: DEOL) today raised NIS 400 million in an offering of two new bond series. The announcement came shortly after two of company's subsidiaries, Delek Drilling LP (TASE: DEDR.L) (49.8%) and Avner Oil and Gas LP (TASE: AVNR.L) (45%), announced that they had found oil at the Tzuk Tamrur 4 well north of the Dead Sea.
Delek Energy held the public tender of the bond offering on Thursday. The company received orders of NIS 250 million, triple the NIS 80 million in bonds on offer. Altogether, the company raised NIS 400 million in the institutional and public tenders of the offering. The company raised NIS 190 million in the Consumer Price Index (CPI) linked bond, which has a duration of 6.5 years, and it raised NIS 210 million in the unlinked shekel bond, which has a duration of five years.
Today, Delek Group's share price fell 2.2% to NIS 805, but Delek Energy's share price rose 1% today to NIS 104, and Delek Drilling share rose 1.2% to NIS 9.45, while Avner's share price was unchanged at NIS 1.57.
Published by Globes [online], Israel business news - www.globes-online.com - on January 24, 2010
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