May 10, 2020 / 7:07 AM / 25 days ago

BRIEF-Cellcom Israel Announces Preparation For Debt Offering In Israel

May 10 (Reuters) - Cellcom Israel Ltd:

* CELLCOM ISRAEL ANNOUNCES PREPARATION FOR DEBT OFFERING IN ISRAEL

* IS IN PREPARATIONS TO RAISE UP TO NIS 200 MILLION IN DEBENTURES AND OPTIONS TO PURCHASE ORDINARY SHARES OF CO

* HAS ACCEPTED EARLY COMMITMENTS FROM INSTITUTIONAL INVESTORS FOR PURCHASE OF AGGREGATE OF 222,000 UNITS FOR NIS 906 PER UNIT

* EXECUTION, TIMING, TERMS AND AMOUNT OF SUCH CONTEMPLATED OFFERING HAVE NOT YET BEEN DETERMINED Source text for Eikon: Further company coverage:

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