Bank Hapoalim is planning to raise NIS 1 billion in a debt offering next week, according to sources. The bank will issue tradable bank deposit rated bonds, i.e. a higher rating than most of the capital notes and deferred warrants that the bank has issued in the past.
Bank deposit rated bonds are rate AA+, compared with an AA rating for most capital notes and deferred warrants, which fell by up to 0.5% on Monday.
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console.log("catid body is "+catID);if(catID==120){document.getElementsByClassName("divConnatix")[0].style.display ="none";var script = document.createElement('script'); script.src = 'https://player.anyclip.com/anyclip-widget/lre-widget/prod/v1/src/lre.js'; script.setAttribute('pubname','jpostcom'); script.setAttribute('widgetname','0011r00001lcD1i_12258'); document.getElementsByClassName('divAnyClip')[0].appendChild(script);}else if(catID!=69 && catID!=2){ document.getElementsByClassName("divConnatix")[0].style.display ="none"; var script = document.createElement('script'); script.src = 'https://static.vidazoo.com/basev/vwpt.js'; script.setAttribute('data-widget-id','60fd6becf6393400049e6535'); document.getElementsByClassName('divVidazoo')[0].appendChild(script); }Sunday's debt offering by Elco Holdings Ltd. unit Electra Real Estate Ltd. saw weak demand, and the company raised NIS 56 million in an expanded offering of its Series 3 bonds. The company earlier received an A- rating for a debt issue of up to NIS 120 million, but sources close to the company said that it planned to raise NIS 70-80 million; even so, it missed its target.
A quarter of the offering, NIS 15 million, came from the underwriters, Leumi Partners Ltd. and Discount Underwriting and Issuing Ltd.
