Israel’s Delek Drilling on 4 August succeeded in raising $2.25bn from a bond backed by its 45.34% stake in Israel’s giant 23tcf Leviathan gas field.

The bond will pay yields from 5.75% (for $500mn maturing June 2023) rising to 6.75% for the June 2030 bullet (see table) and was three times oversubscribed with 90% of the funds raised coming from international investors. (CONTINUED - 538 WORDS)