#Israel's Mizrahi-Tefahot bank raises $569 mln in debt offering | Reuters

Israel's Mizrahi-Tefahot bank raises $569 mln in debt offering | 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.