Thursday, February 12, 2009
North Korea Assembling Long-Range Missile
The Stalinist regime plans to test-fire the missile over Japan, analysts say.IEC Raises $123 Million in Private Bond Offering
Foreign Confidential....
Israel Electric Corp (IEC) said on Thursday it raised 500 million shekels ($123 million) in a private bond offering to institutional investors in Israel.
State-owned IEC issued non-tradable bonds, bearing 6.85% annual interest, which will mature in 2020.
The bond issue came a month after IEC raised $500 million in bonds in the United States at a higher interest rate of 9.375%.
The offerings reflect investors' confidence in the company and its ability to raise money despite the global financial crisis, IEC said in a statement.
About IEC
IEC is Israel'ssole integrated electric utility in the State of Israel. The company, which was incorporated in pre-independence, mandatory Palestine in 1923, generates, transmits and distributes substantially all the electricity used in Israel. The Israeli government owns approximately 99.85% of the company.
IEC is one of the largest industrial companies in Israel, owning and operating 17 power stations sites, including five major thermal power stations, with an aggregate installed generating capacity of 10,899 MW.
Friday, 13 February 2009
North Korea is assembling a Taepodong-2 missile indoors--to escape satellite detection--at an east coast launch base.
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