IAI drone (archives)
Israel Aerospace sells $317M of bonds
State's largest defense contractor says it issued new series on bonds with average maturity of 5.7 years, paying interest of 4.1%
State-owned Israel Aerospace Industries (IAI), Israel's largest defense contractor, raised $317 million in a public bond offering, the company said.
IAI said it issued a new series on bonds with an average maturity of 5.7 years and paying interest of 4.1%, 0.8% above comparable government bonds.
Demand reached $846.5 million, it added.
The bonds are rated "AA" with a "stable" outlook by Standard & Poor's Maalot.
