Published on 9/29/2016 in the Prospect News Emerging Markets Daily.
New Issue: Israel prices $200 million tap of 4˝% notes due 2043 at Treasuries plus 140 bps
By Christine Van Dusen
Atlanta, Sept. 29 – Israel (A1/A+/A) priced a $200 million tap of its 4˝% notes due Jan. 30, 2043 at 113.377 to yield Treasuries plus 140 basis points on Thursday, according to a filing from the sovereign.
Barclays was the bookrunner for the Securities and Exchange Commission-registered deal.
| Issuer: | Israel
|
| Amount: | $200 million
|
| Maturity: | Jan. 30, 2043
|
| Description: | Notes
|
| Bookrunner: | Barclays
|
| Coupon: | 4˝%
|
| Price: | 113.377
|
| Yield: | 3.7%
|
| Spread: | Treasuries plus 140 bps
|
| Trade date: | Sept. 29
|
| Settlement date: | Oct. 6
|
| Ratings: | Moody’s: A1
|
| S&P: A+
|
| Fitch: A
|
| Distribution: | SEC registered
|
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