JERUSALEM, April 14 (Reuters) -
* Isracard, Israel’s largest credit card company, said on Sunday it raised 1 billion shekels ($280.5 million) in a bond offering to institutional investors.
* Isracard said demand reached 3.3 billion shekels.
* The three-year bonds will pay annual interest of 1.49 percent and are rated Aa2 by Midroog, the Israeli affiliate of Moody’s Investors Service.
* Earlier this month, Bank Hapoalim spun off 65.2 percent of Isracard, which accounts for 45 percent of Israeli credit card transactions, in an initial public offering in Tel Aviv.
* ($1 = 3.5656 shekels) (Reporting by Steven Scheer; Editing by Tova Cohen)