Israel etches tight benchmark in euros for its own credit with Eu750m blowout

September 30, 2005 12:00 am

The State of Israel made a roaring return to the international bond markets this week when joint bookrunners Deutsche Bank and Morgan Stanley accelerated the bookbuilding on the sovereign's Eu750m 10 year Eurobond to price it on Wednesday at 53bp over mid-swaps — the tightest spread and biggest deal Israel has ever achieved internationally as a standalone issuer.

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