Navitas Petroleum secures NIS 400m
Categories: Capital Markets, Projects & Energy
Navitas Petroleum has completed a successful offering of a new series of non-convertible bonds traded on the Tel Aviv Stock Exchange, raising NIS 400 million. The offering attracted demand exceeding NIS 1.1 billion, underscoring strong investor confidence in the company, which is valued at NIS 8.4 billion.
The funds will propel Navitas’s investments in oil exploration and development projects, furthering its position as a leader in the energy sector.
Agmon with Tulchinsky advised the issuer, with the transaction led by partners Shirel Guttman-Amira and Ran Felder, associate Liraz Kahana, and intern Daniel Gidanian from the Corporate, Securities and Capital Markets Department.
