Rishon Lazion-based Super-Sol Ltd, Israel’s leading supermarket chain, has announced that the notes it issued on 21 January 2002 (Series A and B), have been given a rating of AA+ by the Israeli Securities Rating Company Ltd., Ma’alot (an affiliate of Standard and Poor’s).
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Two series of notes were offered to institutional and other investors in an aggregate nominal value of NIS400m (US$87.5m) as follows: NIS82.5m (Series A) bearing interest of 4% per annum due during the years 2003-2007 and NIS317.5m (Series B) bearing interest of 4.8% per annum due during the years 2007-2012.
The notes are linked to the Israel Consumer Price Index, but are not registered for trading on the Tel-Aviv Stock Exchange.
In the US, Super-Sol’s American Depositary Receipts, each equivalent to five ordinary shares, trade on the New York Stock Exchange under the symbol “SAE”.
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