Two series of bonds were offered, bearing interest of 3.9% and 4.6%.
Financial group Citi has announced that Citigroup Funding Inc., a subsidiary of Citigroup Inc., has raised NIS 400 million in a private placement of index-linked bonds to investment institutions.
Demand for the bonds totaled NIS 700 million. The offering was of two series of bonds linked to to the Israeli Consumer Price Index. The first series has a redemption date of 2013, bears annual interest of 3.9%, and has a duration of 4.7. The second series has a redemption date of 2018, bears annual interest of 4.6%, and has a duration of 8.3.
Published by Globes [online], Israel business news - www.globes.co.il - on July 30, 2008
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