News Briefs

  Elul 17, 5767 , 31/08/07

Huge Israel Electric Loan Proposal in Danger

A proposed $1 billion loan for the Israel Electric Corp. (IEC) is in danger following the liquidity crisis in the United States, Globes reported. The Goldman Sachs investment house wants to increase the interest rate on the loan by 20 percent.

The IEC needs the money to continue with the urgently-needed increase in generating capacity, but the terms of the loan offer may be too steep for the company.

Other archived news briefs:Aug 31 2007, 06:42 AM, 8/31/2007