TEL AVIV, Israel--(BUSINESS WIRE)--Ampal-American Israel Corporation - (NASDAQ: AMPL - News) announced today that it has successfully completed its previously announced Series B debenture offering in Israel. Ampal accepted subscriptions in the amount of 540 million NIS (approximately $155 million) for its Series B debentures. The debentures are linked to the Israeli consumer price index and will carry an annual interest rate of 6.6%, which is lower than the maximum interest rate that had been indicated for the institutional phase of the offering (6.75%). Subject to receiving approval from the Tel-Aviv Stock Exchange, Ampal is considering the increase of the offering in an additional amount of up to 37.8 million NIS (approximately $10.8 million).

Yosef Maiman, Chairman, President and CEO of Ampal, stated, "The demand for our bond offering was strong, making for a successful offering on all counts. We were pleased by the depth and breadth of participation from the investors in Israel. This new capital better positions Ampal to pursue strategic investment opportunities and support our broader growth initiatives."

The debt offering was made solely to certain non-U.S. institutional investors in accordance with Regulation S under the U.S. Securities Act of 1933, as amended. The debentures have not been and will not be registered under the U.S. securities laws, or any state securities laws, and may not be offered or sold in the United States or to United States persons without registration unless an exemption from such registration is available. This notice does not constitute an offer to sell the debentures, nor a solicitation for an offer to purchase the debentures. Further, this press release shall not constitute any offer, solicitation or sale of any debentures in any jurisdiction in which such offering sold would be unlawful.

About Ampal:

Ampal and its subsidiaries acquire interests primarily in businesses located in the State of Israel or that are Israel-related. The Company is seeking opportunistic situations in a variety of industries, with a focus on energy and related sectors. The Company’s goal is to develop or acquire majority interests in businesses that are profitable and generate significant free cash flow that Ampal can control. For more information about Ampal please visit our web site at www.ampal.com.

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