International Trade Minister celebrates Israeli opening of London Stock Exchange

By February 24 2017, 14:57 Latest News No Comments

LSE2International Trade Minister, Mark Garnier MP celebrated the landmark listing of Israel’s largest ever Euro denominated offering on the London Stock Exchange this week.

Mr Garnier was present alongside Rony Hizkiyahu, Israel’s Accountant General, and Ambassador of Israel, H.E. Mark Regev, who opened trading at the London Stock Exchange.

In January 2017, the State of Israel raised EUR 2.25 Billion in a dual tranche transaction, EUR 1.5 billion in a 10-year benchmark tranche with a 1.5 per cent coupon, and EUR 0.75 billion in a 20-year tranche with a 2.375 per cent coupon. This marks Israel’s largest ever single issuance and longest dated Euro transaction to date.

This is Israel’s 12th and 13th bonds to be listed on London Stock Exchange, of which 5 bonds are still currently active on the exchange.

Accountant General Hizkiyahu said: “This successful issuance is a testament to the fundamental strength of the Israeli economy and to the faith that some of the biggest investors in the world put in Israel’s credit. We are honoured to have the privilege of opening London Stock Exchange, as this is an acknowledgement of the decade long relationship between the exchange and Israel and Israeli companies”.

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