Israel Natural Gas Lines Seeks $1 Billion for Pipelines Funding
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Israel Natural Gas Lines Ltd. is considering selling bonds and partnering with foreign companies to fund a $1 billion infrastructure project as the nation seeks to become energy independent, Chairman Ron Chaimovski said.
The state-owned company is looking to issue euro-denominated bonds among other options including dollar notes to raise the cash by 2015, Chaimovski said in an interview at Bloomberg’s headquarters in New York yesterday. INGL, as the company is known, previously sold debt yielding as much as 4.5 percent maturing in 8 1/2 to 10 years in a local private placement, he said.