The FINANCIAL — Leumi announced that, Leumi Finance Company Ltd. successfully completed an issue of deferred liability deeds in a public tender. This is the largest issue of corporate bonds ever issued in Israel.
In the public tender, there was a demand of approx. NIS 2 billion for Series I. The series I liability deeds are unlinked and the principal will be repaid in one payment in August 2013. Amongst these, Leumi raised NIS1.7 billion at an annual interest rate of 6.9%, lower than the maximum interest rate determined in the tender.
Furthermore, 800 million shekels were raised at a price representing an annual yield of 4.33%, by increasing series H, which was first issued in November 2007. The series H. liability deeds are CPI-linked and will be repaid in three equal payments during the period, 2015-2017.
Psagot-Leumi & Co. Underwriting together with Leader Hanfakot, Clal Finance Underwriting and Africa Israel Issues, led this issue.
