- Israel raised $1.5 billion in a dollar-denominated bond issue on Wednesday
- First such debt offering in three years.
- $1 billion in a new benchmark 10-year bond and another $500 million by expanding an existing 30-year series – Finance Ministry of Israel
- Demand for the bonds totaled $8.3 billion from over 200 investors in 30 countries. The interest on the 10-year bond was the lowest ever paid by the Israeli government in a dollar offering, the ministry said.
- Israel is rated A1 by Moody’s Investors Service, A+ by Standard & Poor’s and A by Fitch Ratings, all with a stable outlook.
- Barclays Capital, Goldman Sachs and Citi were underwriters for the offering.
The material has been provided by InstaForex Company – www.instaforex.com