Sign in to baba News

One account across the web, iPhone and Android — your subscription follows it.

or use an email code

By continuing you agree to the terms and privacy policy.

Welcome — one more step

News Plus opens the cross-newsroom layer — who covered a story, who didn’t, and how each one worded it.

  • Unlimited follows
  • Alerts for what you follow (in the app)
  • Story alerts (in the app)
  • Hide read stories (in the app)
  • The daily brief by email
  • Headlines side by side
  • Who reported first
  • The whole archive
  • Your reading diet
  • Duki without the monthly limit

Eligible new subscribers get 7 days free, then $34.99 each year. Renews automatically until cancelled. Cancel any time in your account. Subscription terms.

Your subscription also unlocks the app.

Download on theApp StoreGet it onGoogle Play

Search stories

Type at least two characters. Results come from every newsroom baba reads.

↑↓ to move · ↵ to open · esc to close

Live Terminal

Sign in to baba News

Sign in to keep asking. News Plus removes the daily limit.

or use an email code

By continuing you agree to the terms and privacy policy.

Keep the whole picture

News Plus opens the cross-newsroom layer — who covered a story, who didn’t, and how each one worded it.

  • Unlimited follows
  • Alerts for what you follow (in the app)
  • Story alerts (in the app)
  • Hide read stories (in the app)
  • The daily brief by email
  • Headlines side by side
  • Who reported first
  • The whole archive
  • Your reading diet
  • Duki without the monthly limit

Eligible new subscribers get 7 days free, then $34.99 each year. Renews automatically until cancelled. Cancel any time in your account. Subscription terms.

Your subscription also unlocks the app.

Download on theApp StoreGet it onGoogle Play
Economy14:25 · 5m ago

Phoenix Gama Raises Nearly 1 Billion Shekels in Commercial Paper Offering

By מערכת ice
Translated & summarized from Ice by baba
The story · English

Phoenix Gama, the credit arm of the Phoenix Group, successfully held an institutional tender for the issuance of tradable commercial paper to classified investors on Wednesday. The offering, led by Phoenix Underwriting, attracted bids totaling 963 million shekels. The company ultimately committed to receiving approximately 500 million shekels in commercial paper purchases.

The annual interest rate margin above the Bank of Israel's interest rate for the commercial paper was set at 0.05%, an unlinked rate. This rate will serve as the maximum for any potential public offering of the commercial paper.

Phoenix Gama executives expressed gratitude to investors for their significant trust, highlighting the impressive demand and interest rate as indicators of the company's stability and potential for future growth. The funds raised are intended to support the company's ongoing business strategy, focusing on expansion within various credit sectors.

Read the original at Ice
Open the live terminal