Israel has completed raising € 2.5 billion in bonds

The government of Israel has completed raising € 2.5 billion in bonds, including € 1.25 billion over 10 years and € 1.25 billion over a 30-year period, with a record volume of € 15 billion. At the lowest spreads over the benchmark interest rates in Euros, which the Finance Ministry attests to investor confidence in Israel's economy.
The bonds were issued in two ranges: a 10-year bond of 1.25 billion euros at a coupon of 1.5 percent, a 30-year bond of 1.25 billion euros and a coupon of 2.5 percent. The Ministry of Finance noted that this is the first issue in a 30-year period in the euro and is among the few individuals outside Europe that have issued this range. The bonds were issued at spreads of 1.15 and 0.75 percentage points above the benchmark Mid-Swap rates for identical terms. The underwriters were Barclays, BNP Paribas and Goldman Sachs.
Minister of Finance Moshe Kahlon said that "Israel's economy is in excellent years with high growth, full employment and a low debt to GDP ratio." This successful issuance is an expression of confidence of the international financial institutions in the Israeli economy and further proof of the world's recognition of Israel's responsible economic management. General and his team for this success and certain that many successes are still ahead. "