Bank of Jerusalem raises NIS 112.5m.

The interest rate for the notes was set at 4.8%, 0.2% less than the maximum rate set by the bank. The bonds were rated A+ by the Maalot ratings agency.

By ZEV STUB
March 20, 2006 07:19

 
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Bank of Jerusalem said Sunday it completed a NIS 112.5m issue of 7-year notes last week. The issue was 7.6 times oversubscribed, indicating investors' faith in the bank's stability, said CEO David Baruch. The issue was part of an ongoing effort by the bank to vary its sources of financing. The interest rate for the notes was set at 4.8%, 0.2% less than the maximum rate set by the bank. The bonds were rated A+ by the Maalot ratings agency.

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