Partner Communications Reports The Interest Rate For The Series D Notes For The Period Commencing On July 1, 2021 And Ending On September 30, 2021

Rhea-AI Summary

Partner Communications Company Ltd. (NASDAQ: PTNR) announced that its Series D Notes will carry an interest rate of 0.305% from July 1, 2021 to September 30, 2021. This rate is based on an annual yield of short-term debt issued by the State of Israel ('Makam') at 0.019%, combined with a fixed annual margin of 1.20%, resulting in a total annual interest rate of 1.219%. This announcement aligns with the Company's Shelf Prospectus from September 3, 2009, and the Supplemental Shelf Offering Report.

Positive

• Announced Series D Notes interest rate of 0.305% for a three-month period.
• Established total annual interest rate of 1.219% based on market conditions.

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• None.

ROSH HA'AYIN, Israel, July 4, 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 0.305% for the period commencing on July 1, 2021 and ending on September 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 0.019% and the fixed annual margin for the Series D Notes at a rate of 1.20%, representing a total annual interest rate of 1.219%

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 Deputy CEO & 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 July to September 2021?

The interest rate for the Series D Notes is 0.305% for the period from July 1, 2021, to September 30, 2021.

When do the Series D Notes interest payments commence?

The interest payments for the Series D Notes commence on July 1, 2021.

How was the interest rate for the Series D Notes determined?

The interest rate is based on an annual yield of short-term debt issued by the State of Israel at 0.019% plus a fixed margin of 1.20%.

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

The total annual interest rate for the Series D Notes is 1.219%.

What does the announcement regarding Series D Notes mean for PTNR investors?

The announcement provides clarity on the expected interest income from the Series D Notes for investors.