Israel's Bank Mizrahi Tefahot said on Tuesday it would raise 3.6 billion shekels ($1.1 billion) through a bond issuance to institutional investors, Trend reports with reference to Reuters.
The series of bonds will be linked to the consumer price index with a set annual interest rate of 0.1%, the bank said in a regulatory filing in Tel Aviv. Demand for the issue had reached 4.86 billion shekels, it said.
Mizrahi Tefahot is Israel's third-largest bank.