Rafael try to raise half a billion shekels
So After reading this I have to question who in the IDF and Israeli government are involved in this company, them or their families…. who holds shares who is connected and who takes kick backs…. .and is this the reason we have seen a heavy assault on Gaza…Good lord the bodies are not even cold in their graves and they have done this?? there has to have been foreknowledge
Riding on the “Iron Dome”: Rafael try to raise half a billion shekels
Company attempting to raise through bonds series expansion, not traded and only institutional investors will be offering the best ■ Underwriting and Clal Finance Underwriting will lead the process
Military escalation in the south and extensive use in the “Iron Dome” system developer Raphael decided to leave an offering of 500 million by private placement to institutional investors by way of extending the series B, which currently trades totaling about NIS 68 million. Institutional investors will only issue, because Rafael was issued without a prospectus and is not traded, but its bonds are held only by institutional investors.
This series linked and bearing interest of 4.7%, when the interest is paid each quarter by the end of March 2018, and the foundation will be paid in five equal installments. The series will have a duration (average duration) of 3.74 years. The lead underwriting Clal Finance Underwriting and best financial offerings.
Rafael develops and manufactures weapons within three divisions – missiles, munitions and systems division and Manor. Missile manufacturer introduced in 2011 revenues of approximately -7.08 billion and net profit of 396 million. As of end 2011, amounted to the company’s equity at -2.616 billion, and accounted for about 34.5% the total balance.
July 2011 raised the bond rating scale series A company from Aa1 rating of Aaa K with a stable outlook, and given a rating of Aaa additional funding framework Bonds Series A of $ 400 million. “The rating upgrade due to consistent and sustained improvement in operating results of the company with high financial strength display, which relies on low level of leverage and high liquidity”, noted the company then. “The rating is supported by Raphael as a premier business positioning in the core of advanced missile systems based on high technological capability and operational experience.”