|[January 05, 2014]
Partner Communications Reports the Interest Rate for the Series D Notes for the Period Commencing on December 31, 2013 and Ending on March 30, 2014
ROSH HA'AYIN, Israel --(Business Wire)--
Partner Communications Company Ltd. ("Partner" or the "Company")
(NASDAQ:PTNR)(TASE:PTNR), a leading Israeli communications operator, reports,
pursuant to the Company's Shelf Prospectus dated September 3, 2009, as
amended to date, and the Supplemental Shelf Offering
Report dated April 15, 2010, as amended to date (the "Offering
Report"), that the Company's Series D Notes will bear interest at a
rate of 0.533% for the period commencing on December 31, 2013 and ending
on March 30, 2014
Such interest rate is based on an annual yield of short term debt issued
by the State of Israel ('Makam') (as defined in the Offering Report) at
a rate of 0.931% and the fixed annual margin for the Series D Notes at a
rate of 1.20%, representing a total annual interest rate of 2.131%.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities.
This press release includes forward-looking statements within the
meaning of Section 27A of the US Securities Act of 1933, as amended,
Section 21E of the US Securities Exchange Act of 1934, as amended, and
the safe harbor provisions of the US Private Securities Litigation
Reform Act of 1995. Words such as "believe", "anticipate", "expect",
"intend", "seek", "will", "plan", "could", "may","project", "goal",
"target" and similar expressions often identify forward-looking
statements but are not the only way we identify these statements. All
statements other than statements of historical fact included in this
press release regarding our future performance, plans to increase
revenues or margins or preserve or expand market share in existing or
new markets, plans to reduce expenses, and any statements regarding
other future events or our future prospects, are forward-looking
We have based these forward-looking statements on our current knowledge
and our present beliefs and expectations regarding possible future
events. These forward-looking statements are subject to risks,
uncertainties and assumptions about Partner, consumer habits and
preferences in cellular telephone usage, trends in the Israeli
telecommunications industry in general, the impact of current global
economic conditions and possible regulatory and legal developments. For
further information regarding of some of the risks we face, see "Item 3.
Key Information - 3D. Risk Factors", "Item 4. Information on the
Company", "Item 5. Operating and Financial Review and Prospects", "Item
8. Financial Information - 8A. Consolidated Financial Statements and
Other Financial Information - 8A.1 Legal and Administrative Proceedings"
and "Item 11. Quantitative and Qualitative Disclosures about Market
Risk" in the Company's 2012 Annual Report (20-F) filed with the SEC (News - Alert) on
March 19, 2013. In light of these risks, uncertainties and assumptions,
the forward-looking events discussed in this press release might not
occur, and actual results may differ materially from the results
anticipated. We undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
About Partner Communications
Partner Communications Company Ltd. ("Partner") is a leading Israeli
provider of telecommunications services (cellular, fixed-line telephony
and internet services) under the orange™ brand and the 012 Smile brand.
Partner's ADSs are quoted on the NASDAQ Global Select Market™ and its
shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR).
For more information about Partner, see: http://www.orange.co.il/en/Investors-Relations/lobby/
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