New Issue: Israel prices €650 million tap of 1½% notes due 2027 at 92.126

By Marisa Wong

Los Angeles, Jan. 22 – The State of Israel priced a €650 million tap of its 1½% notes due Jan. 18, 2027 (A1/AA-/A+), according to a pricing supplement.

The tap issue priced at 92.126 to yield 4.372%.

The notes will be consolidated with the €2.19 billion of existing notes in the series.

Goldman Sachs International managed the Regulation S sale.

Issuer:	Israel
Amount:	€650 million
Issue:	Notes, series 13, tranche 5
Maturity:	Jan. 18, 2027
Manager:	Goldman Sachs International
Coupon:	1½%
Price:	92.126
Yield:	4.372%
Trade date:	Jan. 22
Settlement date:	Jan. 24
Ratings:	Moody’s: A1
	S&P: AA-
	Fitch: A+
Distribution:	Regulation S
ISIN:	XS1551294256
Total issue size:	€2.84 billion

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