Koor Industries, an Israeli investment holding companyt has paid the last installment, totaling 40.27 million shekels (nine million dollars), on its Series F convertible debenture. The Series F convertible debentures were issued based on a Prospectus dated May 30, 1994, and were traded on the Tel Aviv Stock Exchange. The debenture bore an annual interest of 2.75 percent, linked to the Israeli CPI, paid once a year.
Koor Industries is an investment holding company, focusing on high-growth, internationally-oriented, Israeli companies. Koor actively invests in telecommunications through its holdings in ECI Telecom and Telrad Networks; in agrochemicals through Makhteshim Agan Industries; in defense electronics through the Elisra Defense Group; and in promising start-ups in the fields of telecommunication and life sciences through Koor Corporate Venture Capital. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
