November 3, 2010 (FinancialWire) (http://www.financialwire.net/) — Alon Holdings Blue Square – Israel Ltd. (NYSE: BSI) said that it is considering the offering of debt securities in Israel in a principal amount of up to around NIS 100 million (around $27.5 million), plus an additional NIS 15 million (around $4.13 million) that the company may be entitled to issue if potential investors oversubscribe for the offering.

In connection with such offering, the company is considering the issuance of Series C Notes with a duration of 5.75 years.

Alon said that the offering, if made, follows the receipt by the company during October 2010 of NIS 400 million in bank loans.

Israel-based Alon Holdings Blue Square – Israel is a retail group.

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