Record-Breaking Bond Issue Reflects Market Confidence in Israel's Financial Stability

In a historic move, the Accountant General's Division at the Ministry of Finance successfully completed a record-breaking bond issue in the local market, amounting to a staggering NIS 4.4 billion. This weekly routine issuance, which typically takes place every Monday, reached unprecedented heights, marking the largest weekly issue ever carried out by the ministry.

Demand for the bonds soared to extraordinary levels, standing at an impressive 4.3 times the total issue size. This overwhelming response underscores the robust confidence of the market in the economic stability of the State of Israel.

Leading the offering were key players in both local and international financial sectors. Major participants included esteemed institutions such as 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, "The ability to raise debt and finance government activities, even in times of emergency, in substantial volumes with a high coverage ratio, testifies to the confidence of the market in the State of Israel." He further highlighted the readiness of the Accountant General's Division to provide a financial response to the government's needs during crises, utilizing a range of tools.

This extraordinary success not only underscores the fiscal resilience of Israel but also reaffirms the government's accessibility to both local and international capital markets. The Accountant General's Division remains steadfast in its commitment to supporting the nation's financial needs, ensuring stability even in challenging times.