Israel Natural Gas Lines has issued bonds worth US$142 million
We advised Israel Natural Gas Lines Ltd. (INGL) has completed a fundraising to refinance and develop the company.
Established in 2003, INGL is a government-owned corporation engaged in the construction and operation of the national natural gas transmission infrastructure. In 2004, the Minister of Energy and Water Resources awarded the company a license for a period of 30 years. This national project is of extreme importance for Israel from two standpoints – its impact on Israel’s economy and industry, and its contribution to the improvement of environmental quality and reduction of air pollution.
Oaklins’ team in Israel advised Israel Natural Gas Lines Ltd. and acted as the leader of the distributors’ consortium.
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