Israel successfully concluded the largest weekly bond issue: impressive NIS 4.4 billion

In a remarkable financial feat, the Accountant General's Department at the Ministry of Finance successfully concluded the largest weekly bond issue to date in the local market, totaling an impressive NIS 4.4 billion. This routine Monday issuance, typically carried out by the department, saw an unprecedented demand that soared to 4.3 times the total issue amount.

Distinguished participants in this historic bond offering included key players in both the local and foreign banking sectors. Notable contributors encompassed Bank Leumi, Bank Hapoalim, Discount Bank, Mizrahi Tefahot Bank, International Bank, Barclays, Goldman Sachs, Merrill Lynch, JP Morgan, BNP PARIBAS, Deutsche Bank, and Citibank.

The Accountant General emphasized the significance of the achievement, stating that "the ability to raise debt and finance the government's activities, even in times of emergency, in significant volumes and with a high coverage ratio, testifies to the confidence of the market in the State of Israel." This success underscores the Accountant General's commitment to maintaining accessibility to both local and international capital markets, showcasing the department's readiness to provide a robust financial response to the government's needs, particularly in times of crisis, utilizing a diverse range of financial tools.