By stockOzone team

Israel Chemicals (ICL) (ICL.TA), 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)

Disclosure: Author does not own any of the stocks discussed here.