Israel's Bank Leumi raises $721 mln in bond issue

  • 11/28/2021
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JERUSALEM, Nov 28 (Reuters) - Bank Leumi (LUMI.TA), one of Israel"s two largest lenders, said on Sunday it raised 2.3 billion shekels ($721 million) in a bond offering to institutional investors and the public. Leumi issued two new bond series - a six-year and eight-year, which will yield 1.02% and 0.75%, respectively, Leumi said. Demand for the issues reached 5 billion shekels, it said. The bonds are rated "AAA" by Standard & Poor"s Maalot. Earlier this month, Leumi reported a more than doubling of third-quarter net profit to 1.55 billion shekels and said it would pay a dividend of 1.367 billion shekels, reflecting 30% of net profit from the first nine months of the year. read more ($1 = 3.1886 shekels) Reporting by Steven Scheer, Editing by Louise Heavens

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