JERUSALEM, March 29 (Reuters) -
* Mizrahi-Tefahot Bank said on Wednesday it expects to raise more than 2.7 billion shekels ($746 million) in a bond offering to institutions and the public.
* The bank, Israel’s third-largest by assets, said demand for the expansion of two bond series from institutional investors reached 4.8 billion shekels. The public stage will take place in the coming days.
* One series is for 7.2 year bonds that pay 2.73 percent, or 0.84 point above comparable government bonds.
* Another series is for 4.8 year bonds that will pay 1.95 percent, or 0.71 point above comparable government bonds.
* The bonds are rated “AAA” with a stable outlook from Standard & Poor’s Maalot.
* ($1 = 3.6213 shekels) (Reporting by Steven Scheer)