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.



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