Israeli food maker Strauss Group said that its board has approved an offering of ILS300m (US$70.6m) worth of bonds, according to reports.
Go deeper with GlobalData
The bonds will be redeemed in three annual payments from 2011 to 2013, bearing variable interest to be paid quarterly, Reuters reported yesterday (26 April).
The company said it plans to approach potential investors for pre-commitments to the offering.
The Strauss Group is a publicly-traded, food and beverage firm that operates in three primary product segments – beverages (mainly coffee), fresh foods and snacks, producing dairy goods, confectionery, ice creams, Mediterranean salads, salty snacks and baked goods.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
