Midroog

Nofar Energy, owned by Ofer Yannay, secured 850 million NIS in early commitments during its Series F bond tender, which drew 1.18 billion NIS in institutional demand.

Rating agency Midroog has placed five series of Nofar bonds under review following objections from the Israel Securities Authority regarding the company's financial reporting. The regulator claims that Nofar has breached financial covenants, potentially granting bondholders the right to demand immediate repayment.