Connect with us

Hi, what are you looking for?

Jewish Business News


Israeli Agrochemicals Co Adama Raises $150 Million In Bond Placement

The agrochemicals company will use the proceeds to recycle debt and finance current operations, including future acquisitions.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.


Adama Agricultural Solutions Ltd. (formerly Makhteshim Agan) has raised NIS 527 million ($150 million) in a private bond placement. The agrochemicals company expanded its Series D bond, and will use the proceeds to recycle debt and finance current operations, including future acquisitions.

Adama said, “The placement is another step in the financial structure of the company, which has diverse activities across the world. The bond issue was well received by institutional investors, which placed strong demand in the tender.

Clal Finance Underwriting Ltd. led the private placement. Adama will issue bonds at NIS 488 million par value for a total of NIS 527 million, a price of NIS 108 per NIS 100 par value, giving a yield of 2.64%. The unlinked shekel bond has a duration of 1.72 years and will be redeemed in three years. Standard & Poor’s Maalot Ltd. rates the bond A+.

China National Chemical Corporation (ChemChina) owns 60% of Adama and IDB Holding Corp. Ltd. (TASE:IDBH) unit Koor Industries Ltd. (TASE:KOR) owns 40%.

Published by Globes [online], Israel business news – 



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News