Space-Communications sales in 2009 from the operation of the Amos-2 and Amos-3 satellites amounted to $70 million and produced an operating profit (EBITDA) of $50 million
Chalal Communications offered in the current fundraising two series of bonds with index-linked and fixed interest rates and variable interest rates: the bonds (series J) linked, principal and interest, to the Consumer Price Index, which as part of the preliminary tender to the institutional bodies were submitted orders for the purchase of bonds in the amount of approximately NIS 495 million. Of this, the company received early commitments from classified investors to purchase approximately NIS 250 million at a maximum annual interest rate of 4.5%.
The second series of bonds (series 118) was offered to investors by way of a tender for the fixed annual margin rate above the base interest rate, which is the annual interest rate carried by variable rate government bonds. As part of the preliminary tender, orders were submitted for the purchase of bonds (series 59) in the amount of approximately 3.5 million, of which the company received advance commitments from institutional investors to purchase approximately XNUMX million at a maximum annual profit rate of XNUMX%.
The scope and rate of the final interest for the two series will be determined within the framework of the tender offer to the public that the company intends to complete during the coming week.
David Polak, CEO of the Space Communications Company, said today that: "Demands for the IPO were high and the company decided to increase the scope of the recruitment for use in its growth plans. The results of the offering prove the trust of the investing public in the company."
Space-Communications sales in 2009 from the operation of the Amos-2 and Amos-3 satellites, amounted to 70 million dollars and produced an operating profit (EBITDA) of 50 million dollars.
In January of this year, the company began operating on the African continent using the new Amos 5i satellite. This satellite will provide service to the developing countries in Africa, until Amos-5 is ready for its commercial operation in the second half of 2011. (even before the launch of Amos-4, which is currently being worked on by the aerospace industry and is planned for launch during 2012).
