Kenon Subsidiary OPC Energy Announces $140 Million Bond Offering
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Kenon Holdings Ltd.'s subsidiary, OPC Energy Ltd., announced a $140 million bond offering in Series D Bonds to be listed on the Tel Aviv Stock Exchange. The offering includes phases for institutional and retail investors, with institutional orders reaching $260 million. Proceeds will be used for refinancing debt and other business purposes. Kenon stock is rated as a Buy with a $54 target, and is considered an Outperform by Spark due to strong valuation and technical momentum, despite risks from increasing leverage and cash flow challenges.
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