Paz Oil Company Ltd. raised ILS 400 million in a bond issue on the Tel Aviv Stock Exchange (TASE). The company expanded its Series 8 bonds with a 6.3 year maturity and which had debts of ILS 1 billion before April 17, 2019 issue. There was demand of ILS 1.3 billion from institutional investors, more than three times the amount being raised. Leader Capital Markets led the bond issue. Interest in the institutional stage of the fund raising was 1.04% compared with a maximum interest of 1.55% and lower than the 1.2% yields typical of bonds traded on the TASE April 18, 2019.