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Israel: Delek to issue USD 2.25 billion of bonds to finance Leviathan development

05 Aug 2020

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Delek Group has published an announcement from Delek Drilling regarding an update in respect of the issuance of $ 2.25 billion of Leviathan Bonds, the proceeds from which are intended for the granting of credit in the sum of up to $2.5 billion in total, for payment of existing loans in the sum of up to $2,050 million, the deposit of a safety cushion in the sum of $100 million, investments in the Leviathan project only and the financing of the construction of a pipeline for the export of gas from the Leviathan and Tamar reservoirs.

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Source: Delek Group

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