Monday, 16 March 2009

New Issuance: Israel Considers Tapping International Bond Markets

The government of Israel mandated Citigroup Inc., Deutsche Bank AG and Goldman Sachs Group Inc. as joint lead managers (JLM) on a potential benchmark size, dollar-denominated bond offering off of the country's SEC registered shelf.

No terms, details or timeline for the transaction were disclosed. This year emerging market sovereign issuers have issued about $7 billion of bonds -- thanks to a recovery in risk-taking and demand from specific issues of the most creditworthy nations (Brazil, Colombia, Indonesia, Mexico as opposed to Argentina, Venezuela or Pakistan.)

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