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The latest update is out from Delek Group ( (IL:DLEKG) ).
Delek Group Ltd. announced a decision for the early partial redemption of its Debentures (Series 35), contingent upon the successful public offering of Debentures (Series 40). This strategic financial move, set to occur in February 2025, aims to optimize the company’s debt management and could influence its financial structure and investor relations. The redemption will be executed with a redemption price of 102.6% of the principal, including accrued interest, and the remaining payments will be made on specified future dates. This plan underscores Delek Group’s proactive approach in managing its financial obligations and its ongoing efforts to maintain a robust market presence.
More about Delek Group
Delek Group Ltd. operates in the energy sector, focusing on oil and gas exploration, production, and infrastructure. The company engages in various financial activities related to these industries, positioning itself as a key player in the energy market.
YTD Price Performance: 14.87%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.83B
Find detailed analytics on DLEKG stock on TipRanks’ Stock Analysis page.
