Israel Sells $5 Billion of Bonds as Ceasefires Ease Pressure
- Country issued five- and 10-year dollar bonds on Tuesday
- Israeli spreads narrowed after Hezbollah ceasefire in November
Ceasefires with Hamas and Hezbollah since November have started to ease the economic impact of the war.
Photographer: Kobi Wolf/BloombergThis article is for subscribers only.
Israel re-entered the global bond market, borrowing $5 billion in a bid to bolster its balance sheet after more than 16 months of war.
The country carried out a two-part deal Tuesday, selling $2.5 billion of notes maturing in five years and a tranche of equal size due in 10 years. The debt priced with respective spreads of 120 basis points and 135 basis points over US Treasuries, according to a person familiar with the matter.