The bonds are guaranteed by a lien on the gas from the
Leviathan offshore field in which Delek Drilling has a 45.34%
stake.
Delek Drilling LP (TASE: DEDR.L)
has raised $2.25 billion in debt overseas amid huge demand of $7
billion from foreign and Israeli investors. The bond offering was
led by JP Morgan, and HSBC assisted in Israel by Leader, Barak
Capital and Value Base who coordinated demand from Israeli
investors.
Four series of bonds were issued repayable in 2023, 2025, 2027
and 2030. The bonds are guaranteed by a lien on the gas from the
Leviathan offshore field in which Delek Drilling has a 45.34%
stake.
The bond offering was boosted by the news last month that
Chevron had acquired Noble Energy, the operating partner in the
Leviathan reservoir with a 39.9% stake.
