Partner Communications Reports The Interest Rate For The Series D Notes For The Period Commencing On December 31, 2020 And Ending On March 30, 2021

Rhea-AI Summary

Partner Communications Company Ltd. (NASDAQ: PTNR) announced that the interest rate for its Series D Notes will be 0.307% from December 31, 2020 to March 30, 2021. This rate is calculated based on a short-term debt yield by the State of Israel at 0.0275%, plus a fixed margin of 1.20%, resulting in a total annual interest rate of 1.228%. The announcement follows the Company's Shelf Prospectus and Supplemental Shelf Offering Reports.

Positive

• Interest rate set at 0.307% for Series D Notes, ensuring predictable financing costs.
• Total annual interest rate of 1.228%, reflecting favorable conditions.

Negative

• None.

ROSH HA'AYIN, Israel, Jan. 3, 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 0.307% for the period commencing on December 31, 2020 and ending on March 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 0.0275% and the fixed annual margin for the Series D Notes at a rate of 1.20%, representing a total annual interest rate of 1.228%

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?

The interest rate is set at 0.307% for the period from December 31, 2020, to March 30, 2021.

When does the interest period for the Series D Notes end?

The interest period ends on March 30, 2021.

How is the interest rate for Series D Notes calculated?

The rate is based on a short-term debt yield by the State of Israel at 0.0275% 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 is 1.228%.

Is this press release an offer to buy securities?

No, the press release does not constitute an offer to sell or a solicitation to buy any securities.