Nofar

Renewable energy firm Nofar, led by Ofer Yanai, is in a dispute with the Securities Authority over the interpretation of its financial liabilities. This conflict could allow bondholders to demand immediate repayment of 2.2 billion shekels in debt.

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.