U.S. investment firm PennantPark prices $139 mln Tel Aviv bond offer

Pennantpark Floating Rate Capital

22/11/2017 14:42

JERUSALEM, Nov 22 (Reuters) -  
    * U.S. investment firm PennantPark Floating Rate Capital Inc 
 PFLT.O  said on Wednesday it priced an institutional debt 
offering in Israel of $138.7 million of notes maturing in 2023 
and paying annual interest of 3.83 percent. 
    * The notes are rated "AA-" by Standard & Poor's Maalot and 
will 
be listed for trade on the Tel Aviv Stock Exchange. 
    * Israel's Leader Capital Markets underwrote the offering, 
which 
garnered demand of about $400 million. 
    * This was the first time that a foreign non-real estate 
company 
conducted a bond offering in Israel. 
    * PennantPark primarily invests in U.S. middle-market 
private 
companies in the form of floating rate senior secured loans. 
    * ($1 = 3.5139 shekels) 
 
 
 (Reporting by Steven Scheer) 
 ((steven.scheer@thomsonreuters.com; +972 2 632 2210; Reuters 
Messaging: steven.scheer.thomsonreuters.com@reuters.net; 
Twitter: @StevenMScheer)) 
 
Keywords: PFLT BONDS/ISRAEL