Leadcom Integrated Solutions Ltd. ('Leadcom' or 'the Company'), (AIM:LEAD), a leading international provider of innovative telecommunication solutions, is pleased to announce that it has completed a private placement to institutional investors in Israel of unsecured notes in the principal amount of NIS 125 million (approximately US$30 million) with an annual interest rate of 6.65%, which is linked to the Israeli consumer price index. The Bonds are rated A3 by Midroog, the Israeli affiliate of Moody's Investor Service. The placement was significantly over subscribed.
The principal will be repaid in 10 equal semi annual installments commencing on January 2009, and the interest will be paid semi-annually, beginning in July 2007.
Eytan Mucznik, Leadcom's CFO, commented: "We are delighted to conclude this important bond placing in the Israeli market. It has enabled Leadcom to diversify its financial structure and reinforces the Company's ability to maximize the opportunities available to it in India and elsewhere. It also demonstrates Leadcom's ability to win the trust and support of the financial community and is a reflection both of our continued success in delivering on our strategy, and our ongoing financial strength."
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