RE: Navitas News13 Jan 2025 10:38
January 12, 2025
To:
Israel Securities Authority
22 Kanfei Nesharim Street
Jerusalem
To:
Tel Aviv Stock Exchange Ltd.
2 Ahuzat Bayit Street
Tel Aviv
Subject:
Immediate report on the results of the tender for the issuance of bonds (Series G) to classified investors.
Pursuant to the immediate report of the Partnership dated December 25, 2024, regarding the examination of a possible issuance and registration of bonds (Series G) on the Tel Aviv Stock Exchange Ltd., and according to the shelf prospectus published by the Partnership on September 13, 2023 (hereinafter: "the Shelf Prospectus") and the accompanying deed of trust drafts dated September 14, 2023 (hereinafter: "the Shelf Offering Report"), the Partnership is pleased to announce as follows:
On January 12, 2025, a tender was held to receive early commitments from classified investors in connection with the possible issuance of bonds (hereinafter: "the Institutional Tender").
As part of the Institutional Tender, units were offered to classified investors, each comprising bonds with a nominal value of NIS 1,000, through a competitive process on the annual interest rate to be borne by the bonds (hereinafter: "the Units").
Early commitments to purchase Units (comprising a total of 1,133,996 Units, representing a nominal value of NIS 1,133,996,000) were submitted by classified investors as part of the Institutional Tender.
Subject to receiving the necessary approvals for the Shelf Offering Report, the Partnership intends to accept early commitments to purchase bonds with a nominal value of NIS 400,000,000 at an annual interest rate not exceeding the maximum rate of 6%.
It should be clarified that the final annual interest rate to be borne by the bonds will be determined in the public tender, which will be held (if held) under the Shelf Offering Report through a uniform offering method.
The above does not constitute an indication or commitment on the part of the Partnership to conduct the issuance of the bonds, and there is no certainty regarding the timing, terms, scope, or execution of the issuance, which are subject to the approval of the general partner's board of directors, the Tel Aviv Stock Exchange Ltd., the rating company, and any other required approvals by law.