Cellcom Israel prepares for debt offering in Israel

Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) has announced that its board of directors has instructed the company to prepare for a potential offering of a new series of debentures in an aggregate amount of approximately NIS 300 million 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 J and Series K debentures.

In addition, Standard & Poor´s Maalot reaffirmed an ilA+/stable rating for such potential offering of debentures of up to NIS 300 million, which the company may issue.

Cellcom Israel Ltd., established in 1994, is the largest Israeli cellular provider; Cellcom Israel provides its approximately 2.805 million cellular subscribers (as at September 30, 2017) 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, mobile office etc., based on Cellcom Israel´s technologically advanced infrastructure. For additional information visit the company´s website http://investors.cellcom.co.il.