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Published on 4/2/2020 in the Prospect News Emerging Markets Daily.

New Issue: Israel sells €200 million tap of 1˝% notes due 2029 at 101.616

By Wendy Van Sickle

Columbus, Ohio, April 2 – State of Israel sold a €200 million add-on to its 1˝% senior notes due Jan. 16, 2029 at 101.616 to yield 1.304%, according to an announcement.

The notes will be consolidated and for a single series with the €1.25 billion of original notes from the series.

The notes priced under the sovereign’s €12 million euro medium-term note program.

BNP Paribas managed the Regulation S deal.

Proceeds will be used for general financing purposes.

Issuer:State of Israel
Amount:€200 million add-on
Total issue size:€1.45 billion
Securities:Senior notes
Maturity:Jan. 16, 2029
Managers:BNP Paribas
Coupon:1˝%
Price:101.616
Yield:1.304%
Pricing date:March 31
Settlement date:April 2
Distribution:Regulation S

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