A woman uses an ATM at Bank Mizrahi-Tefahot in Tel Aviv, Israel November 22, 2021. Picture taken November 22, 2021. REUTERS/Corinna Kern
JERUSALEM, Dec 21 (Reuters) – Mizrahi-Tefahot (MZTF.TA), Israel’s third-largest bank, said on Tuesday it raised 1.8 billion shekels ($569 million) in a debt offering that expanded two existing bond series.
Demand from institutional investors reached some 3 billion shekels, Mizrahi said.
One series of 5.6 year bonds raised 1.2 billion shekels and will pay interest of 0.78% above comparable Israel government bonds. A second series of 8.5 year bonds raised 600 million shekels at 0.82% above government bonds.
So far in 2021, the bank has raised nearly 5.5 billion shekels in debt plus $600 million in an international bond offering.
($1=3.1631 shekels)
Register now for FREE unlimited access to Reuters.com
Reporting by Steven Scheer
Editing by Jeffrey Heller
Our Standards: The Thomson Reuters Trust Principles.
A woman uses an ATM at Bank Mizrahi-Tefahot in Tel Aviv, Israel November 22, 2021. Picture taken November 22, 2021. REUTERS/Corinna KernJERUSALEM, Dec 21 (Reuters) – Mizrahi-Tefahot (MZTF.TA), Israel’s third-largest bank, said on Tuesday it raised 1.8 billion shekels ($569 million) in a debt offering that expanded two existing bond series.Demand from institutional investors reached some 3 billion shekels, Mizrahi said.One series of 5.6 year bonds raised 1.2 billion shekels and will pay interest of 0.78% above comparable Israel government bonds. A second series of 8.5 year bonds raised 600 million shekels at 0.82% above government bonds.So far in 2021, the bank has raised nearly 5.5 billion shekels in debt plus $600 million in an international bond offering.($1=3.1631 shekels)Register now for FREE unlimited access to Reuters.comReporting by Steven Scheer Editing by Jeffrey HellerOur Standards: The Thomson Reuters Trust Principles.