Internet Gold-Golden Lines Ltd. Announces Public Tender for its Debenture Offering in Israel

CL&M client Internet Gold-Golden Lines Ltd. (NASDAQ and TASE: IGLD) announced the results of the public tender held on March 3, 2014 for its offering in Israel pursuant to a prospectus dated February 24, 2014 of Series D Debentures, with a fixed annual interest rate of 6%. On February 27, 2014, the company announced the results of the classified bidding for the Debentures. In the Tender, Internet Gold-Golden Lines accepted orders for 117,597 units of the non-convertible Series D Debentures (each in the principal amount of NIS 1,000) for an aggregate principal amount of approximately NIS 117.5 million (approximately $33.7 million) at a price per Unit of NIS 1,070. The Company expects to receive gross offering proceeds of approximately NIS 125.8 million (approximately $36.1 million).
Internet Gold-Golden Lines was represented by corporate partner Steven J. Glusband and corporate associate Guy Ben-Ami.

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