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Partner Communications announces discount rate for Series F debentures.

M2 EQUITYBITES-December 10, 2018-Partner Communications announces discount rate for Series F debentures

(C)2018 M2 COMMUNICATIONS http://www.m2.com

Partner Communications Company Ltd. (NASDAQ and TASE: PTNR), an Israeli communications operator, has announced that further to the company's report dated December 13, 2017, with respect to the uniform weighted discount rate for the Series F debentures, the company's report dated December 12, 2017 with respect to the results of the issuance of the additional Series F debentures of the company by way of expansion of a Series and the company's reports dated September 13, 2017 and September 17, 2017 with respect to the agreement that the company entered into for a private deferred placement for additional Series F debentures in Israel on December 4, 2018 (the "Additional Debentures" and the "Additional Issuance", respectively) and with respect to the discount rate created following the Additional Issuance, and in accordance with the approval from the Israel Tax Authority of a "green track" arrangement that the company received, on December 4, 2018 the Additional Debentures were allocated as part of the Additional Issuance, the company said.

The price at which the Additional Debentures were allocated is 100.3 agorot for each NIS 1 par value Series F Debentures, the discount rate that was created in respect of the debentures that were issued as part of the Additional Issuance is 0.65868% (remains unchanged).

Therefore, the uniform weighted discount rate according to a formula that weights the discount rate for the existing Series F debentures, with the discount rate as determined in the Additional Issuance of the additional debentures is 0.085223%.

Partner Communications is an Israel-based provider of telecommunications services (cellular, fixed-line telephony, Internet and television services). Partner's ADSs are quoted on the NASDAQ Global Select Market(TM) and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR).

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Publication:M2 EquityBites (EQB)
Date:Dec 10, 2018
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