Israel sells first yen paper in 18 years

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By Frank Jackman
30 Jul 2019

The state of Israel returned to the yen market for the first time in 18 years this week to raise ¥15bn ($140m) of seven year debt. The private placement marks the state’s third visit to the capital markets in 2019 and its first non-euro trade of the year.

The sovereign last sold a yen bond in December 2001, according to Dealogic. The previous issue raised ¥20bn of 3.5% 30 year callable debt sold through Morgan Stanley. The bond was first callable in December 2006, and then every five years thereafter at par.

Israel printed a ...

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