State-owned Israel Aerospace Industries (IAI), Israel's
largest defense contractor, raised $317 million in a public bond offering, the company said.
IAI said it issued a new series on bonds with an average maturity of 5.7 years and paying interest of 4.1%, 0.8% above comparable government bonds.
Demand reached $846.5 million, it added.
The bonds are rated "AA" with a "stable" outlook by Standard & Poor's Maalot.