B Communications reports results of public offering

B Communications Ltd. (NASDAQ: BCOM) (TASE: BCOM) has reported results of the offering made pursuant to a shelf offering report of the company dated September 15, 2016, the company said.

Pursuant to the shelf offering report, the company offered to the public securities, up to NIS2,000,000,000 in nominal value of bonds of the company.

The company was granted an early commitment by classified investors, whereby the classified investors undertook to submit orders for the purchase of 1,8500,000 units, which comprise about 92.5 percent of the total amount of units offered to the public.

In the framework of the bidding, 631 orders were received for the purchase of 1,882,265 units. The first interest payment for bonds (Series C) will be paid on May 31, 2017, for the period, which begins on September 19, 2016. The interest rate paid for the said period would be 2.5052 percent.

The overall gross consideration received by the company for bonds (Series C), totals at approximately NIS 1.9 billion.

B Communications Ltd. is a holding company with a controlling interest in Bezeq, an Israeli telecommunications provider.