New Issue: Israel prices €1.5 billion 2 7/8% 10-year notes to yield mid-swaps plus 90 bps

By Christine Van Dusen

Atlanta, Jan. 22 - Israel priced a €1.5 billion issue of 2 7/8% 10-year notes (A1/A+/A) at 99.512 to yield 2.932%, or mid-swaps plus 90 basis points, a market source said.

The notes were talked at a spread in the mid-swaps plus 95 bps area.

Barclays, Citigroup and Goldman Sachs were the bookrunners for the Regulation S deal.

Issuer:	Israel
Amount:	€1.5 billion
Maturity:	Jan. 29, 2024
Description:	Notes
Bookrunners:	Barclays, Citigroup, Goldman Sachs
Coupon:	2 7/8%
Price:	99.512
Yield:	2.932%
Spread:	Mid-swaps plus 90
Trade date:	Jan. 22
Settlement date:	Jan. 29
Ratings:	Moody's: A1
	Standard & Poor's: A+
	Fitch: A
Distribution:	Regulation S
Price talk:	Mid-swaps plus 95 bps area

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