Israel Railways yesterday submitted a draft prospectus to the Israel Securities Authority for a NIS 1 billion bond offering in 2015.
In accordance with a cabinet decision, bonds totaling NIS 2 billion for investment in railway infrastructure development will be issued over the next two years under a NIS 30 billion development budget covering the years until 2020.
The Israel Railways financial division and legal office is leading the bond offering in cooperation with the Ministries of Transport and Finance.
The Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co. law firm is representing Israel Railways.
Published by Globes [online], Israel business news - www.globes-online.com - on January 1, 2015
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