Israel’s Finance Ministry raised $6 billion in an overseas dollar bond sale at the lowest spreads since the war with Hamas began in October 2023, signaling renewed investor confidence in the country’s credit, Globes reported Wednesday.
The offering included 5‑, 10‑ and 30‑year bonds, priced at spreads of 90, 100 and 125 basis points, respectively, over comparable U.S. treasuries, with total orders reaching about $36 billion from some 300 investors in more than 30 countries.
The weighted spread was about 102 basis points over treasuries, roughly a 34% improvement from last year’s international issue, when the weighted spread was about 154 basis points.
“The results of the offering reflect a return to the spread levels that preceded the war,” said Israel’s Accountant General Yali Rothenberg, noting that the deal came amid a recent drop in Israel’s risk premium and relative calm on the security front.
