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Kenon Holdings (KEN) unit OPC Energy plans NIS 600m Series E bond offering

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Kenon Holdings Ltd. reported that its subsidiary, OPC Energy Ltd., plans a bond financing in Israel. OPC is offering NIS 600 million (approximately $202 million) of Series E Bonds intended for listing on the Tel Aviv Stock Exchange (TASE). The structure includes a preliminary placement to qualified institutional investors followed by a retail tranche. Institutional investors have already submitted orders totaling about NIS 1.33 billion (approximately $450 million) of bonds, indicating demand above the announced offering size. The bonds are expected to carry an annual interest rate of no more than 4.56%, with the final rate to be set in the retail phase. Completion of the transaction remains at OPC’s discretion and is conditioned on required approvals, including TASE approval. The bonds will not be registered under the U.S. Securities Act of 1933 and are not being offered or sold in the United States.

Positive

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Bond offering size NIS 600 million Series E Bonds offered by OPC Energy Ltd.
Institutional orders NIS 1.33 billion Orders submitted by qualified institutional investors for OPC’s bonds
Approximate USD value approximately $202 million Stated equivalent of NIS 600 million bond offering
Institutional orders USD equivalent approximately $450 million Stated equivalent of NIS 1.33 billion orders
Expected maximum interest rate 4.56% per annum Expected cap on annual interest rate for Series E Bonds
Series E Bonds financial
"offering NIS 600 million ... of Series E Bonds"
qualified institutional investors financial
"preliminary offering to qualified institutional investors, as well as a retail"
Tel Aviv Stock Exchange financial
"Series E Bonds ... to be listed on the Tel Aviv Stock Exchange"
The Tel Aviv Stock Exchange is Israel’s main marketplace where stocks, bonds and exchange-traded funds are bought and sold, providing a centralized place for investors to trade ownership in companies and government debt. It matters because it sets real-time prices and liquidity for Israeli securities, offering a barometer of the country’s corporate health and giving investors a way to enter or exit positions much like an auction house or farmers’ market sets the price for goods.
U.S. Securities Act of 1933 regulatory
"not been, and will not be registered under the U.S. Securities Act of 1933"
Private Securities Litigation Reform Act of 1995 regulatory
"includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"

FAQ

What bond offering did Kenon (KEN) announce through its subsidiary OPC Energy?

OPC Energy, a subsidiary of Kenon, announced an offering of NIS 600 million (about $202 million) in Series E Bonds to be listed on the Tel Aviv Stock Exchange, subject to required approvals and OPC’s discretion.

How much investor demand has OPC Energy’s bond offering for Kenon (KEN) attracted?

Qualified institutional investors have submitted orders for approximately NIS 1.33 billion (about $450 million) of OPC Energy’s Series E Bonds, compared with the announced offering size of NIS 600 million, indicating demand above the targeted amount.

What interest rate is expected on OPC Energy’s new bonds reported by Kenon (KEN)?

The Series E Bonds are expected to bear interest at an annual rate of no more than 4.56%. The final interest rate will be determined in connection with the retail offering phase of the transaction.

Can investors in the United States buy the new OPC Energy bonds tied to Kenon (KEN)?

The bonds are not registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption, so the transaction targets non-U.S. markets.

Is OPC Energy’s bond offering for Kenon (KEN) guaranteed to be completed?

Completion of the Series E Bond offering is at OPC’s discretion and is subject to necessary approvals, including TASE approval, and may not proceed if conditions or approvals are not satisfied.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

August 14, 2026

 

Commission File Number 001-36761

 

Kenon Holdings Ltd.

 

1 Temasek Avenue #37-02B
Millenia Tower
Singapore 039192
(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F         Form 40-F

 

EXHIBIT 99.1 TO THIS REPORT ON FORM 6-K IS INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-201716) OF KENON HOLDINGS LTD. AND IN THE PROSPECTUSES RELATING TO SUCH REGISTRATION STATEMENT.

 

 

Exhibits

 

99.1        Press Release, dated August 14, 2026: Kenon’s Subsidiary OPC Energy Ltd. Announces Bond Offering

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  KENON HOLDINGS LTD.  
       
Date: August 14, 2026 By: /s/ Robert L. Rosen  
    Name: Robert L. Rosen  
    Title: Chief Executive Officer  

 

 

 

 

Exhibit 99.1

 

Kenon’s Subsidiary OPC Energy Ltd. Announces Bond Offering

 

Singapore, August 14, 2026. Kenon Holdings Ltd.’s (NYSE: KEN, TASE: KEN) (“Kenon”) subsidiary OPC Energy Ltd. (“OPC”) announced today that it is offering NIS 600 million (approximately $202 million) of Series E Bonds (the “Offering”) to be listed on the Tel Aviv Stock Exchange (“TASE”).

 

The Offering consists of a preliminary offering to qualified institutional investors, as well as a retail offering. Institutional investors have submitted orders for approximately NIS 1.33 billion (approximately $450 million) of bonds. The final interest rate has not yet been determined and will be determined as part of the retail offering, but the bonds are expected to bear interest at an annual rate of no more than 4.56%.

 

Completion of the Offering is at OPC’s discretion and subject to receipt of the necessary approvals, including approval of the TASE.

 

This press release is not an offer for, sale of, or a solicitation to purchase or subscribe for, any securities in the United States. The securities discussed in this press release have not been, and will not be registered under the U.S. Securities Act of 1933, and may not be offered or sold in the United States absent registration or an exemption from registration thereunder.

 

Caution Concerning Forward-Looking Statements

 

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can generally identify these statements by the use of words like “may”, “will”, “could”, “should”, “believe”, “expect”, “plan”, “estimate”, “forecast”, “potential”, “intend”, “target”, “future”, and variations of these words or comparable words. These statements include, but are not limited to, statements relating to the Offering, including the amount of the Offering, the expected maximum interest rate for the bonds, and other non-historical matters. These statements are based on current expectations or beliefs and are subject to uncertainty and changes in circumstances. These forward-looking statements are subject to a number of risks and uncertainties, which could cause the actual results to differ materially from those indicated in such forward-looking statements. Such risks include the risks relating to market conditions, the risk that the contemplated Offering does not proceed on the terms indicated herein or at all and risks relating to the final terms of the Offering, and other risks and factors and those risks set forth under the heading “Risk Factors” in Kenon’s most recent Annual Report on Form 20-F filed with the SEC and other filings. Except as required by law, Kenon undertakes no obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise.

 

 

 

 

Filing Exhibits & Attachments

1 document