Delek raises $220 million in bond offering

JERUSALEM, June 15 (Reuters) - Israeli energy, automotive and real estate conglomerate Delek Group DELKG.TA said on Tuesday it raised 844 million shekels ($220 million) in two public bond offerings.

Delek, whose units are part of a group led by Noble Energy (NBL.N) that have found large quantities of natural gas off Israel's coast, had planned on raising 800 million shekels.

It said it received bids of about 1 billion shekels.

One series of bonds is repayable in July 2018 and pays a fixed annual interest rate of 8.5 percent. The second series will be linked to the consumer price index and be repaid in six equal installments between 2016 and 2022. They will bear an interest rate of 6.1 percent.

The bonds are rated A1 with a stable outlook by Midroog, the Israeli affiliate of Moody's Investors Service. (Reporting by Steven Scheer; Editing by Dan Lalor) ($1 = 3.83 shekels)