May 25, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Hadera Paper Ltd. (AMEX: AIP) said it has offered, in an auction held on May 23 in Israel, up to an aggregate principal amount of NIS 200 million of Series Five debentures comprised of 200,000 units offered.

The company said that total of 384 requests to purchase 181,519 units were made (including prior commitments from Israeli institutional investors to purchase 160,000 units).

Hadera said that an annual interest rate was set at 5.85%, and that the company will issue an aggregate amount of 181,519 units of Series 5 Debentures.

The company said it will see gross proceeds of NIS 181,519,000 (around US$ 47.5 million).

Israel-based Hadera Paper is a maker of paper and paper products and a provider of paper recycling services in Israel. The company's product lines include paper, packaging, recycling, and household items.

The company manufactures such products as printing and writing papers, recycled paper, fluting and testliner for corrugated cartons, and board paper for packaging and bookbinding.

Through a joint venture with Kimberly-Clark, Hadera Paper also makes disposable diapers, bathroom and facial tissue, and other household items under the Hogla-Kimberly brand. The company's packaging division makes folding cartons, corrugated containers, and wooden pallets. 

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[hlmsmlh] [mchnrymnfctrng] [offrngnrf] [ftrdnwswnd] [chngmdmgn] [hdlnldh] [chngmdmgn] [dntfrsrft] [ncldlcn] [mdstsdm] [srlsrlsrl]