JERUSALEM, April 29 (Reuters) -
* Hapoalim, Israel’s largest bank, said on Sunday it issued 3.4 billion shekels ($920 million) in a debt offering to institutional investors that will be traded on the Tel Aviv Stock Exchange.
* The bank raised 1.1 billion shekels from 10-year deferred notes that carry an annual interest rate of 1.42 percent.
* It also raised 2.3 billion shekels from a regular series of 10-year bonds that carry an annual interest rate of 0.6 percent.
* The deferred notes are rated ‘AA’ and regular bonds ‘AAA’ by Standard & Poor’s Maalot. Midroog, the Moody’s affiliate in Israel, rates the deferred notes ‘Aa3’ and regular bonds ‘Aaa’ stable.
* ($1 = 3.5865 shekels) (Reporting by Ari Rabinovitch; Editing by Tova Cohen)