Cellcom Israel prepares for debt offering In Israel

Board of directors of Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) has instructed the company to prepare for a potential offering of new series of debentures to the public in Israel only, the company said.

The company published a draft indenture relating to such offering, similar to the indenture relating to the company´s existing Series G and Series H debentures.

Cellcom Israel Ltd. is a large Israeli cellular provider providing its approximately 2.812 million cellular subscribers (as at June 30, 2016) with a broad range of value added services including cellular telephony, roaming services for tourists in Israel and for its subscribers abroad and additional services in the areas of music, video and mobile office.