The index-linked issue was oversubscribed 1.8 times.
Bank Hapoalim (TASE: POLI) has completed a NIS 3 billion bond issue. The issue is an extension of bond Series 32.
The bonds are index-linked with a 5.7-year duration. Bank Hapoalim planned to raise NIS 2.6 billion, but demand was estimated at NIS 4.8 billion, a 1.8 oversubscription ratio, and the size of the offering was therefore increased. The issue was closed at a yield 0.95% higher than the yield on government bonds with a similar duration (including commissions).
Published by Globes [online], Israel business news - www.globes-online.com - on March 10, 2016
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Bank Hapoalim