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Cellcom Israel Announces Results of Debenture Offering in Israel

NETANYA, Israel, Dec. 10, 2018 /PRNewswire/ --

Cellcom Israel Ltd. (CEL) (CEL) (hereinafter: the "Company") announced today that the previously announced public tenders for the issuance of additional debentures of the Company's Series K and L, have been concluded. The Company received bids for approximately NIS 830 million total consideration and accepted approximately one-half of these bids. The final pricing information relating to the public offering is as follows:

  • approximately NIS 187 million principal amount of series K debentures for a price of NIS 1,009.5 per each unit of NIS 1,000 principal amount of series K debentures, which represents an effective interest rate of 3.70%;
  • approximately NIS 213 million principal amount of series L debentures for a price of NIS 916.5 per each unit of NIS 1,000 principal amount of series L debentures, which represents an effective interest rate of 4.34%.

The total net consideration to be received by the Company is approximately NIS 384 million. The closing of the offering is expected to occur on December 10-11, 2018.

The offering described in this press release was made in Israel to residents of Israel only. The said debentures will not be registered under the U.S. Securities Act of 1933 and will not be offered or sold in the United States. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any debentures.

About Cellcom Israel

Cellcom Israel Ltd., established in 1994, is a leading Israeli communications group, providing a wide range of communications services. Cellcom Israel is the largest Israeli cellular provider, providing its approximately 2.825 million cellular subscribers (as at September 30, 2018) with a broad range of services including cellular telephony, roaming services for tourists in Israel and for its subscribers abroad, text and multimedia messaging, advanced cellular content and data services and other value-added services in the areas of music, video, mobile office etc., based on Cellcom Israel's technologically advanced infrastructure. The Company operates an LTE 4 generation network and an HSPA 3.5 Generation network enabling advanced high speed broadband multimedia services, in addition to GSM/GPRS/EDGE networks. Cellcom Israel offers Israel's broadest and largest customer service infrastructure including telephone customer service centers, retail stores, and service and sale centers, distributed nationwide. Cellcom Israel further provides OTT TV services, internet infrastructure and connectivity services and international calling services, as well as landline telephone services in Israel. Cellcom Israel's shares are traded both on the New York Stock Exchange (CEL) and the Tel Aviv Stock Exchange (CEL). For additional information please visit the Company's website http://investors.cellcom.co.il.

Company Contact
Shlomi Fruhling
Chief Financial Officer
Tel: +972-52-998-9735

Investor Relations Contact
Ehud Helft
GK Investor & Public Relations  In partnership with LHA
Tel: +1-617-418-3096



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