Israel Raises $5 Billion in Record Bond Issue to Help Cope with Coronavirus Outbreak

(Reuters) Steven Scheer - Israel sold $1 billion of 100-year bonds in international markets as part of a record $5 billion fundraising to finance government aid to help the Israeli economy cope with the coronavirus outbreak. Israel also sold $2 billion of 10-year debt and $2 billion of 30-year bonds. Demand for the bonds topped $25 billion and the sale attracted more than 400 investors from 40 countries, the Finance Ministry said. Deputy Accountant General Gil Cohen said the ability to conduct a successful sale during high volatility in the markets reflected Israel's economic strength.


2020-04-01 00:00:00

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