Israel taps MTNs to combat Covid-19

israel adobe 230x150
By Frank Jackman
03 Apr 2020

A pair of sovereigns hit the MTN market to raise debt this week, looking for cash to meet increased borrowing requirements as they grapple with the coronavirus pandemic. Israel came to the MTN market this week printing paper to helpfund its Covid-19 response, while Ireland ventured out to the ultra-long end of the curve to print its fourth century bond.

TheState of Israel, ratedA1/AA-/A+, tapped its 1.5% January 2029 note for €200m on Thursday to take the amount outstanding to €1.45bn. BNP Paribas priced the reopening at 101.616.

The deal follows last week’s €500m tap of the state’s January 2024 bond, which was sole-led by ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.