Partner Communications Reports the Interest Rate for the Series D Notes for the Period Commencing on March 31, 2021 and Ending on June 30, 2021

Rhea-AI Summary

Partner Communications Company Ltd. (NASDAQ: PTNR), a prominent Israeli communications provider, announced that its Series D Notes will incur an interest rate of 0.297% from March 31, 2021 to June 30, 2021. This rate is based on the State of Israel's short-term debt yield of -0.013% and a fixed margin of 1.20%, resulting in a total annual interest rate of 1.187%. This press release does not constitute an offer to sell or solicit an offer to buy any securities.

Positive

• The interest rate of 0.297% for Series D Notes is favorable compared to market standards.
• Total annual interest rate of 1.187% is below the typical rates for similar debt instruments.

Negative

• None.

ROSH HA'AYIN, Israel, April 5, 2021 /PRNewswire/ -- Partner Communications Company Ltd. ("Partner" or the "Company") (NASDAQ: PTNR) (TASE: PTNR), a leading Israeli communications operator, reports, pursuant to the Company's Shelf Prospectus dated September 3, 2009, as amended to date, and the Supplemental Shelf Offering Report dated April 15, 2010, as amended to date (the "Offering Report"), that the Company's Series D Notes will bear interest at a rate of 0.297% for the period commencing on March 31, 2021 and ending on June 30, 2021.

Such interest rate is based on an annual yield of short term debt issued by the State of Israel ('Makam') (as defined in the Offering Report) at a rate of -0.013% and the fixed annual margin for the Series D Notes at a rate of 1.20%, representing a total annual interest rate of 1.187%

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

About Partner Communications

Partner Communications Company Ltd. ("Partner") is a leading Israeli provider of telecommunications services (cellular, fixed-line telephony, internet and television services). Partner's ADSs are quoted on the NASDAQ Global Select Market™ and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR).

For more information about Partner see:

http://www.partner.co.il/en/Investors-Relations/lobby/

 Contacts:

Mr. Tamir Amar Chief Financial Officer Tel: +972-54-781-4951

Mr. Amir Adar Head of Investor Relations & Corporate Projects Tel: +972-54-781-5051 Email: investors@partner.co.il

 

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SOURCE Partner Communications Company Ltd.

FAQ

What is the interest rate for Partner Communications' Series D Notes for 2021?

The interest rate for Partner Communications' Series D Notes is 0.297% from March 31, 2021, to June 30, 2021.

What is the total annual interest rate on Partner's Series D Notes?

The total annual interest rate on Partner's Series D Notes is 1.187%.

When does the interest period for Partner's Series D Notes start and end?

The interest period for Partner's Series D Notes starts on March 31, 2021, and ends on June 30, 2021.

What is the basis for the interest rate of Partner Communications' Series D Notes?

The interest rate is based on the State of Israel's short-term debt yield of -0.013% and a fixed margin of 1.20%.

What type of services does Partner Communications provide?

Partner Communications provides telecommunications services, including cellular, fixed-line telephony, internet, and television.