Success in the issuance of Mizrahi-Tefahot bonds Yesterday (Wednesday), the institutional phase of the offering ended, in which the Bank intended to raise an amount of approximately NIS 1 billion. Against the background of demand of approximately NIS 3.2 billion, the Bank decided to increase the amount raised and set it at approximately NIS 2.4 billion.
In the issue, the Bank’s debentures were offered in two new 63-64 series: NIS and linked (63), with a 5-year maturity. NIS 1.2 billion, at an interest rate of 2.74%, about 0.91% over government bonds for a similar period.
The index-linked bond series (64) received demand in the amount of NIS 1.5 billion, in this series the Bank will raise NIS 1.2 billion with a negative yield of about 0.41%, about 0.91% over index-linked government bonds for the period Similar.
The bank’s CEO, Moshe Larry, said that the high demand that came from a variety of institutional bodies indicates the great trust that Mizrahi-Tefahot enjoys in the capital market, and the bank’s great access to sources of financing, available and relatively cheap, for its diverse needs.