|Day's Range||9.22 - 9.49|
|52 Week Range||6.34 - 11.19|
|PE Ratio (TTM)||28.83|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||34.80|
NETANYA, Israel, June 8, 2017 /PRNewswire/ -- Cellcom Israel Ltd. (NYSE: CEL) (the "Company") announced today that its Extraordinary General Meeting of Shareholders (the "Meeting") ...
The Company entered into an agreement with certain Israeli institutional investors, according to which the Company irrevocably undertook to issue to the institutional investors, and the institutional investors irrevocably undertook to purchase from the Company, NIS 220 million aggregate principal amount of additional debentures of the existing series K debentures (which are listed on the Tel Aviv Stock Exchange, or TASE), on July 1, 2018, or the Agreed Date. The price was set at NIS 1.011 for each Series K debenture (which bears a stated interest rate of 3.55% per annum) of NIS 1 principal amount, or a total consideration of approximately NIS 222 million, reflecting an effective interest yield of 3.6% per annum.
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