Israeli supermarket chain Super-Sol released a statement to the Tel Aviv Stock Exchange yesterday [Sunday] revealing its intention to raise funds through a bond offering to institutional and other investors.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Super-Sol is hoping to raise 150m shekels (US$33m) with the release of three-and seven-and-a-half year bonds, according to the Ha’aretz daily newspaper, and domestic ratings agency Maalot has indicated that those bonds are likely to be rated AA .
Super-Sol has already asked several investors to submit bids.
