Israel Chemicals mulls 500 mln shekel bond issue

TEL AVIV, April 12 (Reuters) - Israel Chemicals (ICL) , a maker of potash and phosphate fertilisers, said on Sunday it was considering a bond offering to raise 500 million shekels ($122 million). "ICL's board decided ... to authorise management to examine different options for a private bond offering to institutional investors in the amount of about 500 million shekels," the company said in a statement to the Tel Aviv Stock Exchange. A spokeswoman for ICL, the second largest company on the Tel Aviv bourse, declined to give further details. ($1 = 4.11 shekels) (Reporting by Tova Cohen) Keywords: ISRAELCHEM BONDS/ (; +972-9-899-0222; Reuters Messaging: COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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