New Issue: Israel sells $200 million floaters due 2014 at Libor plus 90 bps

By Aleesia Forni

Columbus, Ohio, May 31 - The State of Israel priced $200 million floating-rate notes due 2014 with an interest rate of Libor plus 90 basis points, according to a term sheet.

The issue price is par.

The notes were issued under the sovereign's €7 billion euro medium-term note program.

Barclays Bank plc is the dealer.

Issuer:	State of Israel
Issue:	Floating-rate notes
Amount:	$200 million
Maturity:	June 9, 2014
Dealer:	Barclays Bank plc
Coupon:	Libor plus 90 bps
Price:	Par
Call:	Non-callable
Distribution:	Regulation S
Trade date:	May 31
Settlement date:	June 7
Ratings:	Moody's: A1
	Standard & Poor's: A+
	Fitch: A

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