7 – 11 September 2014 Trading on the Tel Aviv Stock Exchange (TASE) during the second week of September was marked by a mix trend for the leading share indices Giant offerings in the bond market – Bank Mizrahi Tefahot raised US $830 million in one of the largest offering in the history of the TASE bonds market
TA-25
Corporate Bonds
The TA-25 index did not change over the week, bringing year-todate increase to 7.1%.
Bank Mizrahi Tefahot raised US $830 million this week in one of the largest public offerings in the history of the TelAviv Stock Exchange bonds market. It should be noted that Mizrahi Tefahot is the most prominent issuer this year in the bond market with three bond offerings totaling US $1.6 billion. In addition there were five bond offerings this week, including four offerings of real estate companies, for US $430 million. The largest offerings were by Oil Refineries (US $165 million) and Housing & Construction (US $119 million). Since the beginning of the year the business sector raised US $11.3 billion through bond offerings, of which US $3.7 billion on the "TACT Institutional" system, after raising US $10.1 billion for the whole of 2013.
TA-100 The TA-100 index decreased 0.1% over the week, bringing year-todate increase to 6.4%.
TA-Banks The TA-Banks index increased 0.6% over the week, bringing year-to-date increase to 1.3%.
Foreign Investors The Bank of Israel released figures this week indicating that foreign investors acquired a net US $150 million in TASE-listed shares in July, and since the beginning of the year acquired a net US $780 million. In addition, foreign investors acquired a net US $100 million Israel government bonds in July, and since the beginning of the year acquired a net US $800 million Israel government bonds.
Government Bonds The Ministry of Finance (MoF) made a public bond offering listed on the TASE amounting to US $0.3 billion. Since the beginning of the year the MoF raised US $11.5 billion in bond offerings on the TASE, after raising US $18.2 billion for the whole of 2013.
Sector Indices TA BlueTech TA Banks TA Real Estate-15
WEEK -0.8% 0.6% -0.2%
Foreign Exchange 2014 -6.6% 1.3% 6.3%
Dollar/NIS Euro/NIS
WEEK 0.6% 0.5%
2014 4.5% -2.0%
Facts & Figures
About TASE
International
The Tel-Aviv Stock Exchange features in August 2014: 473 companies listing equities. 594 Exchange Traded Notes. 33 series of government bonds. 72 Series of Institutional bonds. 600 series of corporate bonds. 2,190 mutual funds. Market Cap. (US$ billions) o Equities - 212 o Government bonds – 140 o Corporate bonds - 90
Established in September 1935, the Tel-Aviv Stock Exchange is Israel’s sole securities exchange, offering an increasingly sophisticated range of products to investors, including equity, corporate bonds, treasury bills and notes, index products and derivatives.
In recent years, TASE has enhanced its international presence, signing Memoranda of Understanding with the London Stock Exchange, NASDAQ, NYSE-Euronext the Shanghai Stock Exchange, and Toronto Stock Exchange.
For more information please contact: Idit Yaaron or Orna Goren, TASE, +972 (076) 021868501 Visit the Tel Aviv Stock Exchange's Website: www.tase.co.il