Delek Energy halts planned NIS 80-120 million bond issue - TheStreet

Delek Energy Systems (TASE: DEOL )recently decided to halt a NIS 80-120 million bond issue to institutional investors, TheMarker has learned. The company spokesperson confirmed the report.

The reasons for the decision are unknown and Delek Energy refused to comment on the circumstances of the decision. The decision is irregular at a time when many companies are turning to bonds as attractive fundraising vehicles due to the low interest rates.